WTM 0.00% 37.0¢ waratah minerals limited

Ann: Change in substantial holding - Farjoy Pty Ltd, page-35

  1. 4,314 Posts.
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    Morning all.
    I find it interesting to note just how rapidly the interpretation of the these potential ore bodies are changing as we drill further.
    Just look at how the diagrams display it.

    June 17
    https://hotcopper.com.au/data/attachments/6388/6388324-48832c73758ef51370724520dc008c3a.jpg
    July 3
    https://hotcopper.com.au/data/attachments/6388/6388325-aaade6dc428448df59c9cc872a4d8072.jpg



    And then this one from July 30.

    https://hotcopper.com.au/data/attachments/6388/6388328-69264f794d3a565a932cb215b1114b2b.jpg
    To be learning and adapting at this rate is quite a learning journey and subject to much change.
    The faults creating offset veins can be difficult to track and also the cause of mis calculations in targeting.
    Let's hope they have their finger on the pulse which I am admiring how they are adapting.
    @John8769 has pointed out, those down dip holes could change the tune here.
    I think any down dip hole that shows increasing grade will shake things up.
    The faulting can create difficulties in targeting but can also be great plumbing for fluids that are potential feed
    for HG gold.
    I will also be interested to see how the mapping changes as they get to see more through drilling.
    All indicators are that they have the geology.

    We don't have long to wait till we get more results but while we wait, it is nice to know that other factors could be very supportive to this discovery.
    The overnight activity in the Gold price and the move to safety is starting to have the desired effect.


    After a decent horizontal consolidation we now have a break from that resistance.
    I have been waiting for this and the timing could be explosive for us.

    https://hotcopper.com.au/data/attachments/6388/6388331-8f3e5044c6cd8e880f9d1e2d7d0f236b.jpg

    The increase in drill activity will be very welcomed.

    kind regards, Wack.
 
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