Fantastic result just released
- At depth of 920m the pipe is 110m wide
- Mineralisation visibly identical to, or better than, previous vertical hole GHD001
- Now targeting increased strike length of 250-300m (upgraded from initial estimates of 200m)
Given they expect the mineralisation to continue to depths of 1200m+ within side the pipe, no point in doing further vertical drilling as many more ozs can now be added by extended the strike from 200m to 250m-300m - much more bang for the buck extending laterally now.
As an example on potential depths and increase to strike:-
900m deep, 110m wide and strike of 300m
920 x 110 x 300 x 2.75 x 1.2 = 3.3Mozs
1200m deep, 110m wide and strike of 300m
1200 x 110 x 300 x 2.75 x 1.2 = 4.3Mozs
Of note, the grade being used in the above calculations is their minimum grade, as nearly 700m of the strike is at 1.3g/t and 400m of it at 1.4gt.
Hence why IMO 3Mozs in Pipe 1 is looking like their minimum.
First pipe of potentially 5 coming up trumps.
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- 110m wide, 920m long and 200m+ strike
110m wide, 920m long and 200m+ strike
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