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Originally posted by John8769:
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Well we already have greater than 100+ grams times metres Au in SD010 in the surface lode. I recall early DeGrey investors used this benchmark / threshold to decide if they were going to play in the sandpit or not. It has served me well since. SD010 also ended in 23m @0.49g/t, with core from this end section interpreted to be WITHIN the inner porphyry halo, and more importantly, validating the IP Resistivity (purple in slide 7) of the presentation. Very important to note SD010 was drilled many years before Peter and the team recently reprocessed the expensive historical survey data (that Newcrest commissioned years ago I recall) and identified the current working model /interpretation on slide 7. This was initially announced last year after the spur acquisition and before the current drill program. Usually the survey/ model comes first and then you drill to test it. Also note SD010 is a scissor of SD004 that returned 55m @1.27g/t. The deeper drill traces on slide 7 show current DD testing of that purple zone I assume is to vector the path to the potential core.
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Thanks John I am beginning to understand the geology better here and its quite exciting with some great intercepts and great potential down dip and plunge. With these things sometimes it takes a while to get a handle on what you're looking at but i think these guys have a good grip on whats going on and i topped up again today. Expecting some very nice hits in those well placed drill holes. 5km west of Cadia gives it another flavour again in my view.
(20min delay)