Ann: Significant pegmatite system intercepted at Andover South, page-166

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glossy

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26/11/24

14:25

Post #: 76784259
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Originally posted by Shakethecup: ↑

Some more experienced people like mode can probably weigh in on this but my take as an ex driller and current sample technician is the below

T7 shows significant deposits (good) but they are at depth thats not really profitable to mine with current price (bad). Considerations for this are 1. This is an indicator that we have deposits which is a win we just need to map further make sure it's developing closer to the surface. Consider this a compass bearing 2. Whether its close to the surface or not this could still be a potential buy out as I've seen 10 year planning on deep deposits that have panned out when the cost to mine came on board

T1/2 show fragmented mineralisation, while we haven't hit a motherload we are seeing close to surface mineralisation (good) but it's sporadic and not with great volume (bad). 1. As above this is just an indicator of potential resource but its promising that its close to the surface 2. People need to remember exploration is just that. We are flying somewhat blind until we have some indicators to develop a mapping. These are the indicators and they are what we need 3. The presence of close to surface mineralisation outweighs the lack of volume at this point of the data set.

isummary while we didn't strike gold immediately its nothing too concerning. For anyone that's done sparky work it brings to mind a power test stick. You hold it up to a cable and if it lights up it means there's power in the cable, you don't know how much (a trickle of feed back or straight to the board) but you know it's there. However just because it doesn't light up does not mean there might not be power running through it. What im trying to say is less than ideal results do NOT mean we don't have a fat ol deposit but they do mean that we have something going on.

my view on this currently is that the cards are still being dealt and we just have to wait a little longer. I think we are in a slightly better position than we were prior to any results as we have garuanteed deposits we just need to map value from them. Prior to this it was a blind gamble. Now it's an informed gamble and the information is enough to keep me in the game.

Expand

Dusko will explain a lot more at the AGM and I'm quite sure he hasn't boxed himself in this close to the AGM to not have a plethora of supporting information as to why he expanded the drill campaign and the positive reasons why as a geologist himself he has chosen to do so.

IMO DYOR

Last edited by glossy: 26/11/24

RDN Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
16 Upvote

0 Great analysis

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Ann: Significant pegmatite system intercepted at Andover South, page-166

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Ann: Significant pegmatite system intercepted at Andover South, page-166

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