Historically the renamed Donaldson reef has returned around 2 g/t. Where I saw it it was around a 60cm wide pure quartz reef, no discernable laminations which is where the majority of gold was found at MS.
It's not likely imo, that the old timers walked straight past an economic reef, their record shows how canny they were. The drill result didn't show economic grades or widths imo. Too many here are taking it as a given, to suggest it can fund a decline is one of the most fancifal theories I have ever read on hotcopper. You do realise a decline costs at least $7000 per metre? At 1 in 7 or 8 gradient how deep do you want to go. Do the maths!
Looking at the head frame if you look to the left to the top of the hill there is a kilometers long reef only ever mined to shallow depths. As far as I know MCO never drilled it. Wonder if a few holes there would be worth the punt.
AUL Price at posting:
1.0¢ Sentiment: None Disclosure: Held
