Banter and general comments, page-35285

This is the area south of BP33 as at 5 Nov 2023. There's basically a large area that has had no recent drilling and possibly no drilling at all.

Further south there is a cluster drilled pegmatites with the "7" shape towards the bottom is LPM's drilling of Lei. In the bottom left corner is Ah Hoy which has been drilled to "flooded" and SE of that is Seadog. Kelly's is also noted on the map. Kelly's is possibly the southern extension of Lei and there would appear to be a couple of drill holes in Kelly that Core is yet to report. There's also some drilling west of Lei between the two rivers that's unreported.

So back to Stu360's comments - as at 5 Nov 2023 there was nothing that you would describe as South of BP33... BUT




The satellite pass of the 15 Nov shows some drilling on the bend in the river south west of BP33. The shot from 30 November below is used because its clearer. Recently Core has been drilling southwest of BP33. The sentinel pictures from December are all clouds obscured so I don't know if there's more drilling that was done after this but there could be. These two drill holes or some after this could be were the one's Stu's contacts has advised have a robust intercept. If they are, they would be perhaps a 1km or less underground decline away from existing BP33 drilling plans. Lei would be approx. 2km away and Ah Hoy would be 3km away.

Underground mines or the tunnelling to access underground deposits can extend straight line or spiral length distances longer than 3km.

I'm sure one of the questions Core is starting to ponder is whether these close to BP33, but more southern deposits like Ah Hoy, Kelly, Lei, Seadog and this unnamed new intercept are best mined via underground tunnelling from BP33 or as a new separate decline. I include Lei on this list because some sort of deal may be reached that would be more efficient than Lei going it alone.

So why is Core even drilling there? The map above by Core doesn't even name any active exploration areas and the underexplored pegmatites are in slightly different locations again. My guess is that this intercept along with Seadog and Blackbeard is a result of drilling where robust ANT signatures exist.


Note - The L drilling to the left of BP33 has been there since June 2023.