GRL godolphin resources limited

Ann: Strong Gold Mineralisation Outside Lewis Ponds Resource, page-5

  1. 282 Posts.
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    Promising without being game changing. There are two angles to their drilling here. The regional RC drilling is looking for prospects along strike to increase resource size, which can increase the economics through scale if they find enough or luck into some high grade material. This confirms the case for further low cost regional RC drilling in my opinion to see if any of these prospect deserve the investment of DD.

    The DD program running concurrently is too increase confidence and upgrade the high grade portion of the resource already found, while providing samples for met testing. Not sure if they are testing depth extensions as well. Depending on met testing these drill cores could determine whether this project is a goer in the short term or needs more work.
 
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