One pleasing aspect is that the interpretation of visuals has been very accurate if not conservative
Few interesting outcomes from hole UI845
1.their first interpretation of visuals for hole 845 suggested detrital mineralisation from 36-58m however the bedded mineralisation commenced at 48m per the assay results
2. bedded mineralisation was 8m deeper than first interpreted (went down to 210m rather than 202m)
3. the depth of the bedded mineralisation doesn’t appear to be getting any deeper and may even be shallower towards the BHP boundary which is good for the economics of the project (may not be as deep as indicated by Railway East results)
Cant wait to see what holes 842 and 843 will bring, hopefully we hit similar results to 845 but from a shallower depth (possibly around 40m), surely this would have to get BHPs attention
UMC Price at posting:
84.0¢ Sentiment: ST Buy Disclosure: Held