They don't look great to me, I think usually anything over 1 g/t is considered a minimum for an open-cut mine. I'm not sure if they assayed for any other metals because that could help increase the viability. The other thing to note is that this is only AC drilling so once they're able to drill deeper that could find much better grades. The most worrying thing about this announcement to me is the next steps they've outlined won't add any share price value for the foreseeable future (probably over the next 4-6 months) because there doesn't appear to be any actual drill programs planned.
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- Ann: Drilling Extends Ablett Au Zone to over 800m
Ann: Drilling Extends Ablett Au Zone to over 800m, page-7
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