SPR spartan resources limited

The 990m hole you circled wont go as deep as I first thought due...

  1. 7,032 Posts.
    lightbulb Created with Sketch. 2825
    The 990m hole you circled wont go as deep as I first thought due to its dip. Holes in the second half of 2023 for NN had a dip of between 70 and 80 degrees - ie close to vertical and the collar was close to the NN deposit like the 2 holes in the foreground in the image in your post. The deepest hole to date with assays is 673m with a dip of 73 degrees so vertical depth is less but probably not less than 600m and if it is not much less than 600m..

    The hole you circled in green is a lot further away from NN so its dip will be much lower - could be as low as 50 degrees or even lower but that is a wild guess. That is the vertical depth of the hole will be significantly less than 990m and may only be in the 700m - 750m range and maybe even less. Still that is quite deep given the resource they have is only a little over 500m deep (SL words in latest presentation).

    The holes probably does not go close to 4P looking where they are drilling it and it seems it may only going to test NN deeps - I assume they will drill deeper wedge holes from this hole if it is the parent hole.

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.