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Ann: Drilling Program Update at Sorby Hills, page-33

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Gareth3h

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22/10/20

16:15

Post #: 48310015
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Originally posted by doodledog: ↑

Wow. Just about to post and read my hero Verilys post and he mentions Gold. Sheesshh, I only hint at it V! With so many new posters I reckon its time to post the old ‘Sorby fly thru video’ that i have posted so many times. Yes, its old, but really informative and very hard to find if you just go looking for it. Whatever helps newbies understand this project is good. Note that even in the underground vision, you still get to see the original 1,100 drill bit depths and the deposit borders are still marked. https://youtu.be/uJursMzqqfg Page 3 gets me pumping; Drill hole SHDD017 is located in the central part of Omega Deposit. In the video, this is Deposit C and DE. So they drilled the hole deeper and discovered a new “type mineralisation which differs in style and mineral association (galena-sphalerite-calcite) and is genetically not related to stratiform breccias (Figure 3)”. Methinks the company mentions this deliberately because they have probably seen the actual drill core, (and done tests) on this new mineral zone that is so different. They print, “This is a significant finding.” Wonder what minerals this new find is associated with....hope its what is often found with silver and lead deposits........ Page 7 appendix of todays announcement declares that; our “Ore Reserves are estimated using a lead price of US$2,095/tonne and silver price of US$21.10/ounce and USD/AUD exchange rate of 0.7.”.........exchange is now double that at 1.41% today and a silver price of $24.73, however, the lead price seems to have retreated to US $1747.85. Other parts of the Ann. that impressed me were; Page 1....First batch of assays due in November 2020. ....Gravity survey covering Beta and Alpha deposits ( in the video they are the 2 Northern deposits), complete with further gravity surveying underway over the prospective Eight Mile Creek exploration licence.

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I think it should read AUD/USD = 0.7, which is currently/historically correct.

PMY Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
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Ann: Drilling Program Update at Sorby Hills, page-33

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Ann: Drilling Program Update at Sorby Hills, page-33

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