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General Chat ( TNR ), page-3

  1. 5,483 Posts.
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    Bhpbags1023.

    There are two things predominantly this drilling campaign is targeting.

    Diorite has not been drilled before, surface soil sampling found gold over a large area.

    Here also we have old historic mines that were plus 200g per tonne.

    There are about 12, many leases do not have that qty.

    At diorite two things are possible, new gold deposit discovery and or a very high grade intercept on one of these old mines.

    Mt stirling will not be included in this week's results.

    I see 70m valuation, 10c to 100m valuation 15c if a new deposit is found at diorite. I have not included a spec hit on these old reefs.

    Mt stirling, surface strike is 1000m and open, gold has been located at 220m level. The jorc resource only includes surface to 50m. There target here is 400m level. If they get gold at 400m a jorc upgrade will be had from 50m to 400m.

    Mt stirling will provide the biggest share gain I Feel if a jorc upgrade results.

    In there announcment on 25 Nov 2020 they stated. "drilling within and to extend the current resource" ie drilling into the resource not near it.

    At that location there is 2 rigs, about 300m apart drilling out between them. The location of the rigs is important.

    If diorite is a new find, I see 70m or 10c and if Mt stirling get a resource boost 140m or 20c.

    We need to watch for open drilling at depth at Mt stirling at the 400m especially, sons of gwalia was very simular to Mt stirling and it went to 2200m.

    So 70m to 140m or 10c to 20c on two things being meet.
 
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