“All holes in the drill program steepened significantly and this is a technical issue that
needs to be resolved before drilling recommences.”
No guesses why their going to drill vertical holes then is there?
There's a long way to go to proving up a JORC,but I note that the Lorena Gold mine has all in costs of circa A$ 1000.00 an Oz, so even at the lower POG, should a resource been proven up, theres some profit for Australian Gold producers.
https://hotcopper.com.au/threads/ann-ceo-presentation-to-agm.3077720/?post_id=20963507#.WEdKLn0bBpI
While Lorena is "close " to Lucky Squid, I draw no comparisons between the two.
Raider
Ann: High Grade Gold Targets Generated at Saxby (SER 100%), page-5
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