SPR 3.83% $1.13 spartan resources limited

Ann: Never Never hits 952,900oz @ 5.74g/t, page-108

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  1. 5,827 Posts.
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    I noticed previously but did not pay much attention to the images below but only just now realised their importance. In the past SL has noted NN grade is increasing with depth but the images below from the last drilling results in December indicate that NN may be broadening at depth as well - at least based on SPR images which they need more drilling to validate.

    See my highlighted lines in the 2 images below - in the first image the green highlight is broader than the purple line and in the second image the purple line is boarder than the green line. But I am not convinced that grade will be higher in the deeper zones than the more shallower areas but we do not know that at this stage until we see more results.

    I also note that the images below, especially the first one, suggest more strongly than in past announcements, that NN is moving closer to 4P and perhaps join up.

    https://hotcopper.com.au/data/attachments/5835/5835204-1f0337f7567de0858250e0adf22e6160.jpg

    https://hotcopper.com.au/data/attachments/5835/5835205-4fc9c357343f322e9f446eb43f1eb057.jpg
 
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