Finally had a chance to sit down and read this properly.
"Once the initial trench is completed, detailed and systematic metal detecting, together with geological mapping, will be undertaken prior to on site bulk sampling commencing."
That would suggest we might see photos and videos posted sooner rather than later, if they're finding nuggets in the trench.
All eyes peeled on the Twitter and Youtube pages to see if anything is uploaded.
"Bulk sampling will initially comprise of samples ranging from 50-500kg taken from the various lithologies and will be processed on site by company staff. This sampling aims to provide a nonquantitative assay grade, but more, a visual aid to the preferred gold bearing lithologies to enable rapid selection of the preferred mineralised unit for larger samples."
That's a poorly written paragraph that's got me wondering about starting a business to write/edit announcements. But anyway, I think what that's saying is
"50-500kg samples from different rock types across the horizon will be taken and processed on site. This won't provide a reliable, JORC-consistent grade, but will show which rock types have gold in them. Those will then be hit for larger samples."
Then it explains the on site processing setup and how that is going to work, with results "over weeks rather than months", which fits with the statement at the top about "initial results expected during October."
All in all, pretty good. Fits with what they said they were going to do. Some specialised equipment was needed, and they've clearly thought it through. Now to see what news pops up over the next few days and weeks.
Very exciting.
Cheers
- Forums
- ASX - By Stock
- DEG
- Ann: Conglomerate Gold Bulk Sampling Commences
Ann: Conglomerate Gold Bulk Sampling Commences, page-19
-
- There are more pages in this discussion • 66 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DEG (ASX) to my watchlist
|
|||||
Last
$1.22 |
Change
-0.025(2.02%) |
Mkt cap ! $2.911B |
Open | High | Low | Value | Volume |
$1.23 | $1.24 | $1.21 | $4.502M | 3.703M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 32320 | $1.21 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.22 | 19426 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 156423 | 1.200 |
3 | 21190 | 1.195 |
5 | 73040 | 1.190 |
1 | 11491 | 1.185 |
5 | 38692 | 1.180 |
Price($) | Vol. | No. |
---|---|---|
1.225 | 16740 | 2 |
1.230 | 11959 | 2 |
1.235 | 10740 | 1 |
1.240 | 15124 | 3 |
1.245 | 10740 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
Featured News
DEG (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online