Nice oneIt does seem that geeeeenerally the deeper you go there...

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HeliosUK

2,847 Posts.

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15/01/22

09:38

Post #: 58884155
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Originally posted by horizon3: ↑

Hi robbo,

you wrote:
"I am pretty sure the results to date have shown the grade increasing at depth - I seem to recall a comment in an announcement to that effect too. Will see if I can find it."

Guess I found it....

https://hotcopper.com.au/threads/ann-stage-7-drilling-continues-to-deliver-strong-pgm-min.6225335/#post-55370966

where you concluded:
"Lots of high grade results and increasing in grade at depth"
"Yeah I thought the announcement looked pretty good given it shows the reef and grades are consistent or better at depth"

btw: in that announcement they also highlight (twice) that they had learnt from all the drilling that the high-grade PGM areas in the reef are associated with "coarse, pegmatoidal peridotites" - so exactly the reef geology we found in our recent deep drilling 500m deep!

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Nice one

It does seem that geeeeenerally the deeper you go there (the 150/200m) the grades are better. Clearly not enough holes to be statistically sound, but that's a great tickle towards this being very exciting.

POD Price at posting: 42.0¢ Sentiment: Buy Disclosure: Held
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