TSO 3.13% 3.1¢ tesoro gold ltd

Ann: Tesoro intersects 434.6m @ 1.22g/t Au from 15.4m at El Zorro, page-36

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CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 5,098 Posts.
    lightbulb Created with Sketch. 850

    Seems you both can read an announcement.....but struggle to understand the tech behind it.

    In simple terms......lets use an example
    Initial drilling
    Hole one = 10gpt
    Hole 2 = 5 gpt
    A reasonable person would end up saying field 1 has an average of 7.5gpt.

    Further infill drilling.....
    Hole one - 10 gpt
    Hole two 5 gpt
    Hold 3 NSI
    Hole 4 NSI
    Hole 5 1gpt
    Hole 6 5 gpt
    Hole 7 37.5 gpt (the bonanza hole - 5 x previous average, woohoo)
    Hole 8 4 gpt
    Hole 9 1 gpt
    Hole 10 3gpt
    Average - 6.65 gpt.......ouch

    A good result in an existing field couple with other poor/NSI results doesn't always increase pit value my friend, can actually have the opposite effect.

    Beware the detail here....it's not great

 
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