SPR 3.11% $1.49 spartan resources limited

Ann: Diggers and Dealers - Corporate Presentation, page-81

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  1. 1,128 Posts.
    lightbulb Created with Sketch. 1475
    That was a nice watch. That video + the diggers presentation just gives you an idea of the potential upside from current drilling / exploration (4 rigs)

    Never Never was found infront of a low grade open pit

    Now that they have a better understanding of the geology (from all the drilling) - they're currently drilling below the "Golden Wings" open pit (which again is low grade at surface) - he mentions not 1 hole has been drilled under there.. and thats where they're drilling now

    "sitting on a whole structural belt here.. belt scale opportunity"

    "its not just about 1 discovery, we've already replicated another high grade discovery (Pepper) within a couple hundred meters of the first (NN) - and we think theres actually a sequence or a series of these throughout the region"

    In other words they control the greenstone belt which is proven to host high grade ore bodies, so there is a good chance that they will uncover more

    "this is not just 1 deposit, this is a series, this is a massive regional scale play"

 
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