SPR spartan resources limited

Soem additional comments referencing other annoucements. If you...

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    Soem additional comments referencing other annoucements. If you look at the first image below from their MRE update on 14 December the average OPVM from 600RL is 2,000 Oz so if they confirm this we are looking at adding about 200k Oz for every 100m depth and no where as low as 100Oz. It could be more than 200Oz as NN is clearly widening at depth and as SL keeps stating it’s getting better at depth.

    The purple dots to the right of NN are relatively shallow for the wedge drilling as SPR stated this type of drilling is targeting NN deeps. In addition from the latest presentation the orientation of the 990m hole is directed to be below NN and not to the right in the image (it’s far closer the the other drill rig to the left in the foreground the later probably drilling the orange dotted holes). It is possible the rig in the picture in the latest presentation closer to NN at surface could be drilling those purple holes ( the one on the far right in the image below as the Gilley’s pit is to the right).

    The green dotted holes are most likely to be the wedge holes.

    I am eagerly awaiting the results of the purple and green dots, especially the purple dots as if they strike gold then it will mean a big increase in potential resources and will mean that NN and 4P join at depth. It is interesting that SPR are drilling 5 purple dotted holes which is as many as the green dotted holes - not sure one should read anything into this.

    If the recent picture of visible gold (see second image below) was one of the purple dotted holes that would be great. But I seriously doubt if it is since than would be a very price sensitive annoucement so my bet is the recent visible gold hole is one of the orange dots where we have seen many holes with visible gold and hence is not now that price sensitive but nevertheless will be good news.

    If my above comments are on the money we may find assay results for the orange, purple and green dotted holes reported at the same time and wouldn’t it be great if they all found high grade decent intercepts of gold - I think that would make the SP fly higher.


 
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