Fantastic result just released- At depth of 920m the pipe is...

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.