I find todays announcement a little strange. Shallow drilling has turned up some Au metres,fine, they are to follow up with further drilling along strike,fine, but no deeper ?? Or no mention is made of any deeper drilling.
I will post a part ANN from another company that did some initial shallow drilling in the same region a few years back, they happened to stumble onto something, eventually.
Quote,.
"22M @1.5g inc 3M @6.51g, 21M @ 7.0g inc 3M @27.2g."
"the new results are encouraging and will await all results from the July 2008 program before planning further work on the Prospect."
Over the following couple of months a series of Announcements occur,one by one, at ever increasing depths in the region. viz 140m ,235m ,323M & 356M and they are finding substantial Cu intersections with depth. Eventually they find an intersection of 27% Cu.
Can someone explain to me the region specifics where Alchemy are operating (Magnus) and whether it is possible/ likely Cu is below todays Gold find. or Not. What tells the Geologist this information.It is assumed this is a Primary Magnus Target. GL DYOR
The other company is 30km away.
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