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Ann: Ternera Step Out Hole Extends Mineralisation 150m East, page-34

  1. 818 Posts.
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    Looks like directors finally realised they looked ridiculous being the only decent sized explorer not to include section diagrams.

    To inject a bit of reality into this thread:
    + Extensional hole 125 - probably uneconomic at 300m+ depth with no economic mineralisation above - so much for all the talk of being "mineralised from surface".
    + Hole 124 - infill, good length, average grade/depth - what a difference cross-sections make in being able to interpret results!
    + Holes 126/127 - look uneconomic - too low grade/narrow/deep.
    + Suggest you take Corgi resource estimate shown above with a large grain of salt - very optimistic suggesting 60% of ~800,000 ounces @ 0.35 gpt low-grade resources likely to be economic, reckon the high-grade resource estimate is also overly generous.

    The only potentially economic area I see at present (circled below) which appears to contain the bulk of the higher grade resources.
    Providing a long-section for this zone (yes is possible Corgi) would be very helpful in showing the grade contours by depth.
    https://hotcopper.com.au/data/attachments/3261/3261489-2cb5b4e8dd6372748089d81a074aa493.jpg

    Suggest if you're holding on until the MRE that you understand the difference between measured/indicated/inferred resources and reserves/resources.

    Cheers
    Maverick
 
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