No-one should have expected any big grades with these 3 holes given the message that they were probably drilled into wall rock-type porphyry rocks. That said, 11 and 12 are not shabby.
To me though, the interpretation of 13 provides a bit of excitement. This was sort of anticipated though as one of the 2 subsidised holes targets the depths reached by 13.
BTDD013 targeted an area several hundred metres further southwest than previous drilling and intersected hundreds of metres of low grade Cu-Au mineralisation associated with weak to moderate biotite (potassic) and actinolite (calcic) alteration in meta-andesite and minor intrusions.
The extensive interval of mineralisation and alteration in BTDD013 is interpreted as an outer propylitic alteration halo that is less likely to be associated with the Discovery Outcrop zone, but more likely to be caused by a buried Cu-Au-bearing porphyry intrusion to the southwest. •
Results from BTDD013 support earlier modelling indicating that a porphyry potassic core is likely to be located several hundred metres to the southwest of the Discovery Outcrop.
That is as far as I have gone in reading the report, so I may post again later.
SPQ Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
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