POD podium minerals limited

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5.1¢

Good question by Petr. Thanks for that clarification, Stevo....

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Poohbear

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12/04/22

09:10

Post #: 60798225
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Originally posted by Stevo1234: ↑

PetrStiff, short answer is no, you wouldn't drill down an orebody. Although it sounds counter-intuitive, you actually get more useful information from drilling across it.
In a lot of ore-bodies the grade will vary in 'layers' from the waste-ore contact, through the guts of it, and then the opposite ore-waste contact. Sometimes the contacts will be where the better grade is, sometimes the middle, sometimes it's disseminated evenly throughout, and sometimes it's in random high-grade nuggets or veins.
Drilling across it also gives you more information about the thickness of the orebody. You don't have to hit it perfectly normal to the dip, but with multiple holes and/or core you can calculate the true thickness using multiple angled intercepts.

The only time that I personally know of explorers intentionally drilling down the orebody is if you've got a reasonably uniform orebody and you want the maximum amount of core/RC chips for metallurgical studies.

Also drilling in the same orientation as the structure of the rock can lead to nasty deviations, as the layers in the rock can mess with where the drill bit is going. Drill rods look solid, but once you've got 100m of them strung together they're like a pool noodle and they'll just follow a path of least resistance if they intersect a soft/hard boundary at a shallow angle.

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Good question by Petr. Thanks for that clarification, Stevo. Always good to get some learnings about drilling from other holders.

POD Price at posting: 52.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.1¢		Change 0.001(2.00%)		Mkt cap ! $40.54M

Open	High	Low	Value	Volume
5.2¢	5.2¢	5.0¢	$37.06K	714.7K

Buyers (Bids)

No.	Vol.	Price($)
4	180833	5.0¢

Sellers (Offers)

Price($)	Vol.	No.
5.1¢	48842	1

View Market Depth

No.	Vol.	Price($)
4	180833	0.050
1	100000	0.048
3	708447	0.047
2	238891	0.046
2	240000	0.045

Price($)	Vol.	No.
0.051	48842	1
0.052	298090	2
0.053	110655	1
0.054	151121	2
0.055	275744	4

Last trade - 15.59pm 25/07/2025 (20 minute delay)

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Good question by Petr. Thanks for that clarification, Stevo....

St George banks $5M from placement to ramp up Araxá Rare Earths Project

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Good question by Petr. Thanks for that clarification, Stevo....

Top Stories

St George banks $5M from placement to ramp up Araxá Rare Earths Project

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What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

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Buyers (Bids)

Sellers (Offers)

Featured News