WA8 warriedar resources limited

Ann: AC Drilling Delivers High-Grade Gold Across Multiple Shears, page-4

  1. 2,666 Posts.
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    Agreed - nice start to the year.
    I think the MTAC002 hole is very encouraging.
    "High-grade gold mineralisation (6m @ 4.28 g/t Au from 3m) was successfully intersected in the
    westernmost hole (MTAC002). The intersected structure hosting the gold exhibits deep laterite and
    saprolite profiles along with geochemical anomalies, including elevated arsenic (554ppm to
    1,514ppm) and antimony (175ppm to 783ppm). These geochemical signatures are similar to those
    of known gold deposits along the MSZ, suggesting this is not likely just surficial enrichment".

    I see the existence of a parallel shear 2km away with a pretty rich hit - almost at the surface as highly promising.
    Follow up RC drilling will give us better insights, but their commentary seems to say that they are expecting to find that it extends deeper.

    On the other hand, four holes with results out of 58 drilled is not a high percentage of hits.
 
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