CLZ classic minerals ltd

Exploration Upside

  1. 659 Posts.
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    I have been trawling through old exploration reports etc via wamex and other databases have found some nuggets. In particular (in relation to Lady Magdalene):

    "The total resource calculated for Red Haze in August 2000 was 2.45Mt @ 1.65gpt at a 1.0gpt ore block cut-off grade. The large resource has only 50m x 25m drill coverage (at best) and higher-grade (supergene) portions of the orebody would likely become apparent with closer-spaced drilling programs. Diamond hole FWRD011 had an intersection of 7.0m @ 9.07gpt, containing visible Au only 25m from surface and alludes to other, as yet undefined, high-grade intersections being present in the orebody."

    Looking forward to see what the drilling uncovers....

    CARN CLZ CARN CLZ CARN CLZ
 
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