23/2/15 Announcement
Holes have been sited to test the rock strength in the region of the pit walls
to allow the calculation of final pit slope angles, which is required for the
overall reserve sign off by Snowden.
The drill core will be geotechnically logged and approximately 200 samples
will be collected for geotechnical analysis with several hundred individual
tests to be conducted to determine the strength of the wall-rocks surrounding
the deposit.
The core will also be geologically logged with mineralised intervals sampled.
Three of the holes along the eastern margin of the Mount Peake resource
are expected to intersect mineralisation, and these holes will be assayed to
complement the resource drilling completed in late 2012. These assay
results will be reported when available, and could potentially add to the
existing Mount Peake resource estimate.
Drilling is expected to be completed in March, with the geotechnical results
to be announced as part of the Feasibility Study mining report to be
delivered by mid-year, and the sample results for V-Ti-Fe mineralisation and
subsequent analytical results to be reported when available.
So I guess we wait until DFS.
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