Morning all - so a couple of points on the pending results from Blackrange Sugerbag Hill.
- As @knaomi has pointed out, Chris has already said that they were very happy with the visuals at the time
- These are the first drill holes into what is believed to be the mineralised veins at Sugarbag
- These are big diamond holes - over 400m each - assays on these take time and it would make no sense to leave the rig there burning money whilst they wait
- Whilst Bauloora is a farm-in with Newmont, Legacy actually manages the exploration (and receives quarterly payments from Newmont for this) so they needed to get the rig over to Bauloora to kick off that drill campaign. As per @K23 they are being very prudent with shareholder money
- Also, re the drill cores - Chris explicitly pointed out in the June quarterly update that the rock textures in the visuals lead them to believe they have intercepted the mineralised zone but need the assays to tell them what the makeup is
So I think if anything we can be optimistic about the potential results from Blackrange. And even if they are not what we're all after, Chris and the team will be back there to do follow up drilling. We need to find the feeder zones that have caused the rock chip mineralisation at surface.
Only a couple of weeks to go now and we should know more - results "early July".
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