ESR estrella resources limited

Ann: Trading Halt, page-37

  1. 1,337 Posts.
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    Thought I had, but maybe not in detail.

    Bloody good initial hit, but (a little but) you would expect the initial drill hole to be undertaken in a favourable location.

    It’s near an outcrop, and they rarely go straight down - they tend to be a spreading mound shape, so you’d expect an intersect even many metres away. And they got it.

    The trench? Yeah, again a good sign.

    The visual chip grades? Great, but just chip grades. Probability of analysis following suit? High.

    So all in all a good start grade wise. To me some poor preparation having to wait now for the big drill. Drilling for metals like Mang. is tough. These guys are water borers, but they are professionals and will learn fast.

    It is a long and costly road ahead to production. But good signs so far.
 
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