Since we are not privy to the hole numbers for the balance of those assays, it's impossible to gage what the resource upgrade is likely to be, except to say that the high grade tonnage is likely to increase.
This part of the report has me excited:
There is the potential to increase tonnage from:
• strike extensions that are open to the north-west & south-east. • depth extensions, as many holes finished in high grade. • infill drilling results where wide intersections were made but assays are still awaited. • new discoveries within the proposed mine area.
Just to give you an example, hole 48 which previously returned 4m @ 61.6% Fe, was not included in Widenbar's report. That hole is 150m to the west of the resource footprint.
UMC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
