AGS 0.00% 17.5¢ alliance resources limited

Ann: Weednanna February RC Drilling Results, page-52

  1. 306 Posts.
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    Shouldn't be too long before we receive some assay results from Shoots 2 & 10 (Drilling re-commenced in early May).

    https://hotcopper.com.au/data/attachments/2230/2230930-949a79966e835b5769486966e651ff93.jpg

    I'm particularly interested in the upgrade to the gold resource estimate for the Weednanna Deposit.

    From the above snippet:
    "The drilling at Shoot 10 is designed to define a near surface Measured resource in the East Pit area, whereas drilling at Shoot 2 is designed to upgrade the resource in this area from the Inferred to Indicated classification."

    The upgrade in the confidence of the resource classifications should help boost the economic numbers in the planned Feasibility Study. The last set of numbers that were run by the company only included 25% of the Inferred ounces in the production forecast.



 
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