Ann: Resource Drilling Identifies High-Grade Gold under Pit Floor, page-20

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mt88

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30/08/19

11:22

Post #: 40239595
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Originally posted by eastwest101: ↑

I've had a bit more of the think about things and after seeing the announcement of the Mining Lease application for ML100201 Golden Mile - (which incidentally has a better overview of the past drilling results than this Mt Freda announcement) - its now a bit more easier to predict that the drilling in the Golden Mile area in the future will probably mostly be within the boundaries of the proposed ML(yellow box) rather than outside it.

View attachment 1715188

So by my reading of tea-leaves that would mean more drilling at Jewell, Shamrock, Falcon and Comstock prospects and probably not much drilling at Little Duke, Iron Duke and Weatherley prospects.

They had to draw a box somewhere on a map to get the process started for the Mining Lease application as it can take 12-18 months - so that's what they've gone with..

That's still a lot of potential mineralisation that's open along strike and down dip so will be a race to get drilling and prove up some more resources before the wet season arrives.

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Going by Hetherington timeline of 12 months, we shouldn't be too far away given that MLA was lodged towards end of last year.

Now that they are done with dense spaced drilling at Commstock/ Falcon/ Shamrock, they are moving 1.5km north along strike to test mineralisation potential on the other prospects.

AMG Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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