SPR 2.72% 94.5¢ spartan resources limited

Ann: Exceptional new thick, high-grade intercepts, page-123

  1. 11,753 Posts.
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    Good spotting Peppie, though... I won't quite say thank you, as once I started comparing the old maps... well 2 hours have passed! biggrin.png
    On the left, I have superimposed the map of the air core drilling now completed with the magnetics.

    https://hotcopper.com.au/data/attachments/6252/6252236-c01009ad0f3c61a2c53a61fd79d2f3cf.jpg

    For context, the amount of drilling that has occurred between the main pit and Golden wings is substantial, but.... not targeting NN look-a-likes.
    This is the best I could find within the past 18 months (there are older versions, but... GCY did undertake quite a bit of shallow drilling, though more to the north and north east (which is how they found Tanqueray).

    https://hotcopper.com.au/data/attachments/6252/6252249-1a8285b1861074b40caf8e2bcd00d673.jpg

    Remembering that all of the air core shown to date, is just phase 1 (They imply in the more recent announcements that phase 2 will start in July).
    As you start to look from Gilbey's south, and just follow the high grade mineralisation north east, the trend is clear. SPR have stated they have a plethora of targets within the mining lease to drill first, which is logical, as they want to front load production as much as possible, plus, permitting wise, it's just easier.
    But.... now they are not funding constrained, will they start stretching the original 2km radius? Out a lot further... as just near the N compass, is another radius of perhaps 5km.

    https://hotcopper.com.au/data/attachments/6252/6252247-37682c94127110878c776c7ee1063ebb.jpg

    I still think SPR should be moving Archie rose towards a ML (40k MRE). 1mt of oxide would be handy (these are just all old targets, so many more now generated). Far less hassle than Melville, but... Melville would provide a lot more tonnes.

    https://hotcopper.com.au/data/attachments/6252/6252258-2294e7c1c465c624405844552ec8a0c3.jpg

    Before I meander too far off track. I still have not given up on Ink, plus just because I don't want to forget, I finally found an early image regarding potentially multiple flexure zones.

    https://hotcopper.com.au/data/attachments/6252/6252259-7aa0a19cfdd3d7fb037addb7ffdb03d1.jpg

    Good luck to all holders.
 
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