The UNO Morgans drill results are potentially better than what the market thinks. I'll only discuss the twelve mile high grade silver discovery here because its got the best chance of getting mined. Drill hole 021 and partially 020 demonstrated a subvertical shear zone with the grade increasing towards depth. 021 with 12 @ 240g/t silver with a higher grade portion in that is very promising. The true thickness is probably about 60% of that if the geometry of the shear zone is correct which leaves a fabulous subvertical minable load.
The problem is that the strike length is unknown. Holes 022 and 123 probably missed it like 019. Too far North. They are 400m away so IVR have to go back and drill some more there to the south and get 200m or 100m spacing intercepts with this shear zone to see how far it is mineralized to the East and the West and if the grade does indeed increase with depth.
It's obvious that there are undrilled soil anomalies here that are the same calibre of the ones drilled. IVR need to get back and follow these up.
I'm only mentioning the silver part of this exploration because I think this ore could potentially be compatible with the Paris plant. If the grade is high the distance of 70km is not an issue.
IVR Price at posting:
4.8¢ Sentiment: Hold Disclosure: Held
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