CHN 1.29% $1.91 chalice mining limited

Ann: Diamond Drilling Commences at Hartog, page-116

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,758 Posts.
    lightbulb Created with Sketch. 686
    the first drill targets is the circled area:

    https://hotcopper.com.au/data/attachments/4063/4063626-6ecfd67015ec71f18b16d71b7bc1217d.jpg

    all the conductors in the area are quite shallow:

    https://hotcopper.com.au/data/attachments/4063/4063631-cec2df040a412bff85985b6f07e557dc.jpg

    would this not mean that they would not have to drill deep to encounter mineralisation?

    or would they be drilling quite horizontal from their position to attempt to intersect the MLEM plates from their location, which would require a large length of drilling?

    thinking it through surely it would be the latter because what else would they be targeting from these 3 drill hole locations?; this could explain the delay? might be about 400m or so of drilling required to hit the conductor. but not sure if it is possible to drill almost parallel to surface?
    Last edited by Tangible: 07/02/22
 
watchlist Created with Sketch. Add CHN (ASX) to my watchlist
(20min delay)
Last
$1.91
Change
-0.025(1.29%)
Mkt cap ! $750.8M
Open High Low Value Volume
$1.93 $1.96 $1.90 $2.140M 1.113M

Buyers (Bids)

No. Vol. Price($)
4 7226 $1.91
 

Sellers (Offers)

Price($) Vol. No.
$1.91 4343 3
View Market Depth
Last trade - 11.31am 06/11/2024 (20 minute delay) ?
CHN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.