Very exciting development. A tripling of high grade width at GS....

Very exciting development. A tripling of high grade width at GS.
More info tmrw at the diggers in Kalgoorlie. May well become an golden swan event tmrw.

The CEO PH just stated we have only just scratched the surface of this deposit.
Its now extended GS width from 50m to 170m and open all ways
Must be of considerable size like an iceberg and higher grade and larger & wider than SS next to it..

"Silver Swan was one of the highest-grade producing nickel mines in the world, with grades of up to 11.69% nickel and total historical production ..."


In the announcement Managing Director and CEO, Peter Harold, commented
“At the Black Swan operations there is a long history showing the effectiveness of DHEM surveys leading to the discovery of massive nickel sulphides. The new EM conductors reported today which potentially extend the know extent of the Golden Swan mineralisation are very exciting. The identification of the new footwall EM plates is as equally exciting as it demonstrates that the Southern Terrace has the potential to host multiple mineralised surfaces. ..We believe we have only just scratched the surface of the Golden Swan and Southern Terrace potential.”

It says further -
"Downhole EM survey extends strike potential at Golden Swan Subsequent to the recent Downhole EM (DHEM) survey reported in hole PBSD0029C (refer ASX announcement dated 30 September 2020) that highlighted a potential target size at Golden Swan of 50m width by 170m depth, Poseidon has completed an additional drillhole approximately 120m to the south of the existing high-grade drill intersections, known as the Golden Swan mineralisation. Hole PBSD0031 was designed to traverse below, and in close proximity to, the modelled footwall position to provide a platform for DHEM geophysics. A successful DHEM survey in PBSD0031 using the recently installed underground transmitter loop has identified a new high conductance anomaly that extends the potential strike of the Golden Swan mineralisation.

Combined with a potential dip extent of 170m, the opportunity for the Golden Swan mineralisation to grow in size continues to increase. Many of the individual orebodies previously discovered and mined in the Silver Swan Channel have strike extents less than that now being revealed at Golden Swan.."

This changes the dynamics & DFS for BS totally, this will lower AISC and increase production head grades at low capex, a restart of production at BS SS GS based on these results is more economical than ever before. Need then offtake, new DFS and production/AISC guidance.

Dare I say it, imminent production restart must be now in serious consideration.