Fantastic result just released
- At depth of 920m the pipe is 110m wide
- Mineralisation visibly identical to, or better than, previous vertical hole GHD001
- Now targeting increased strike length of 250-300m (upgraded from initial estimates of 200m)
Given they expect the mineralisation to continue to depths of 1200m+ within side the pipe, no point in doing further vertical drilling as many more ozs can now be added by extended the strike from 200m to 250m-300m - much more bang for the buck extending laterally now.
As an example on potential depths and increase to strike:-
900m deep, 110m wide and strike of 300m
920 x 110 x 300 x 2.75 x 1.2 = 3.3Mozs
1200m deep, 110m wide and strike of 300m
1200 x 110 x 300 x 2.75 x 1.2 = 4.3Mozs
Of note, the grade being used in the above calculations is their minimum grade, as nearly 700m of the strike is at 1.3g/t and 400m of it at 1.4gt.
Hence why IMO 3Mozs in Pipe 1 is looking like their minimum.
First pipe of potentially 5 coming up trumps.
- Forums
- ASX - By Stock
- SOC
- 110m wide, 920m long and 200m+ strike
110m wide, 920m long and 200m+ strike
-
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SOC (ASX) to my watchlist
(20min delay)
|
|||||
Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.89M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7368 | 9.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.5¢ | 34581 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7368 | 0.096 |
3 | 135521 | 0.090 |
1 | 80000 | 0.086 |
1 | 50000 | 0.085 |
2 | 106250 | 0.080 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 34581 | 1 |
0.120 | 12545 | 1 |
0.130 | 97482 | 2 |
0.170 | 59840 | 1 |
0.000 | 0 | 0 |
Last trade - 10.09am 10/09/2024 (20 minute delay) ? |
Featured News
SOC (ASX) Chart |
Day chart unavailable