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$1.49 spartan resources limited

I’ve just been wondering if Never Never first strike was under...

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sabine

18,863 Posts.

3972

12/08/24

17:21

Post #: 75173175
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Originally posted by SugeKnight ↑

That was a nice watch. That video + the diggers presentation just gives you an idea of the potential upside from current drilling / exploration (4 rigs)

Never Never was found infront of a low grade open pit

Now that they have a better understanding of the geology (from all the drilling) - they're currently drilling below the
"Golden Wings" open pit (which again is low grade at surface) - he mentions not 1 hole has been drilled under there.. and thats where they're drilling now

"sitting on a whole structural belt here.. belt scale opportunity"

"its not just about 1 discovery, we've already replicated another high grade discovery (Pepper) within a couple hundred meters of the first (NN) - and we think theres actually a sequence or a series of these throughout the region"

In other words they control the greenstone belt which is proven to host high grade ore bodies, so there is a good chance that they will uncover more

"this is not just 1 deposit, this is a series, this is a massive regional scale play"

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I’ve just been wondering if Never Never first strike was under the haul road, then what the heck is under the mill!

cheers

SPR Price at posting: $1.25 Sentiment: Hold Disclosure: Held
7 Upvote

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