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clock Created with Sketch. 04/06/20
08:30
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Originally posted by eastwest101:
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Pretty much summarises the story Chalco - after all the drilling and the hype they have finally announced a rather modest inferred and indicated resource, as they never really published all the drilling, it was just a gut feeling that they had a lot of skinny steeply dipping ore zones with some very small but spectacular high grade zones that got lost in a bunch of much more modest gold grade tonnage. The numbers don't really surprise me much at all and the modelling and resource work detailed in this release is actually pretty stock standard for these types of deposits and are cautious and conservative in nature. Eg ordinary kriging, estimation cell sizes and search ellipses, grade top cuts, dubious drill holes ignored, wire framing, assumed densities etc etc
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EW, you might want to look at the press releases on 29/11/2018, 26/09/2019 and 23/08/2019 that detail the location. orientation and results of the Little Duke holes. Then consider their location relative to the axis of the Weatherly Creek syncline, that strikes almost N-S a little to the east of Little Duke and also look at the graphics in the releases. Was there some reluctance by a CP to sign off on the 377000 tonne resource?? Who knows? Not me.
(20min delay)