KCN 1.53% $1.33 kingsgate consolidated limited.

Ann: North American Investor Presentation, page-6

  1. 645 Posts.
    lightbulb Created with Sketch. 125
    Is it me missing something, or, is my interpretation of the announcement wrong?!
    On the 13/02/24 there was an announcement of a significant "Near MIne" drilling, from memory 7klm from the mine which reported good results.
    In the release today there is a section, "Mine Exploration", that reports "significant grade mineralisation" in the A West pit area. The report goes on the state the intersections and ore bodies and grades. From what I understand the BIG RED cross is not 7Klm as previously suggested, furthermore it states that grade control drilling was completed in Jan/Feb 2024 "with results expected shortly".
    I ain't no geologist but the figures presented, 4.5mtr @ 16.96g/t and 1.5mtr @ 44.70g/t , and9.0mtr @4.12g/t inc 3.0mtr @ 11.45g/t to the full depth of drilling , 20mtr certainly indicate a substantial result!

    Certainly like to hear fro those who may have better knowledge than I.

    Firthy





























    mine
 
watchlist Created with Sketch. Add KCN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.