Ann: Encouraging Results at Charity Well and Geemas, page-13

Morning all.
@Gmeister
I called them last week and caught one board member going into a meeting.
Have not had a return ph call yet.
I am more interested in the central Hemi and eastward toward Wingina than the SW.

If we look at the early Toweranna intersections in Blue and then the deeper intersections in pink.
Note that there is a closer scale of the pink to yellow but also note the large gaps between those intersections are waste and effects the economics particularly at those depths.



Look at Charity Well intersections below.
In the middle can be read "Gold Zones".
If I look at only the yellow sections over the complete hole length.
Let's use MWRC0265. What is the hole length?
336m now we deduct from that the 2 noted intersections of [email protected]/t and [email protected]/t.
So over a hole length of 336m we have 27m of gold at a grade that is not economic at that depth.
Toweranna had higher grade but the gaps between and the depth will make this uneconomic particularly given how the pit design would look.



I will try to speak with someone again to find out about the progress in the Eagle West Zone but also Wingina.
The camp is at Wingina so I expect there has been work going on there.

Those old AC holes I have banged on about for some time are still among the best of the historic and have been known abut since the initial discovery.

Just to remind everyone.
The intrusions that have been influenced by the Shear Zone have so much more broad dissemination and the grades are excellent.
There is no doubt that that area is being processed as the infill is part of the looming resource upgrade.
That includes those holes we are awaiting in Eagle.

Just look at these AC hits.


For those interested, the chart is showing signs of a bottom again but that will depend on if the sky is really falling in.
I do not think the we are at the end of the Bull Market yet.
Matter of fact, I am quite positive we will see higher values yet.

The best buying level has proven to be between $1 and $1.075 for some time and I expect that to be pretty reliable again here.
That is only imho so take from that what you wish.
This is a trading stock now for me, for that reason.



There is still plenty to be drilled and for anyone that has not seen those old Wingina intersections, here they are again.









Interesting to note that the strike length is mentioned above and you see why this area has my interest more so than the SW.

I hope to see a very different picture very soon in the sea of red we are witnessing in the whole market atm.
I am holding and trying to avoid the negativity with optimism that we are close to bottom for now.
If that is not the case, then we hold for the longer term but demand for metals is only increasing.

Kind regards, Wack