re: Ann: Diamond Drilling Identifies New Mine... BaileyAus
"How do those with a bit of gold mining know how see the find?"
Unfortunately don't have much gold mining know how but the results look fairly impressive to me. If TrevorSaul is around, would appreciate your thoughts.
Maybe SRI is keeping everyone busy!
Still hope for that copper find and also look forward to the revised mineral resource estimate for Hermes. Not long now. IMO very undervalued atm and a great buying opportunity.
- 8 metres at 24.75 g/t gold from 126 metres in hole HRD002
- 4 metres at 16.47 g/t gold from 90 metres in hole HRD003
- 4 metres at 8.57 g/t gold from 136 metres in hole HRD003
- 1 metre at 7.17 g/t gold from 86 metres in hole HRD004
- 1 metre at 5.74 g/t gold from 97 metres in hole HRD005
"These results are very encouraging and have indicated potential for depth extensions of the gold mineralisation and existing Indicated Mineral Resource of 1.68 million tonnes at 2.39 g/t gold for approximately 130,000 ounces at Hermes.
A revised mineral resource estimate is currently being conducted on Hermes, which will incorporate drilling undertaken by Alchemy during 2009 and 2010 and a more constrained geological model. This re-estimation is scheduled for completion before the end of September 2011".
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