Had a very brief read of this update.
Initial impressions include there was some decent high grade hits in exploration drilling.
they said they're mining 400-500 tonnes of ore a week and progress to lift this rate is slow due to the condition of the underground areas being mined.
sadly, couldn't see any mention of the grade of this ore. Grade is king.
going by the exploration results there's plenty of gold in that there mine. Accessing it is another story.
spot gold mostly sideways in the past couple of weeks, spot price last around US$1727/oz, so no strong lead from the metal.
no doubt a fuller report will come in the quarterly due by the end of April.
nothing of obvious note to scare the horses.
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- Ann: Drilling results and Operational Update from the A1 Mine
Had a very brief read of this update. Initial impressions...
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