I have wondered about the location of the existing resource and not been able to find a ready answer in the 2019 scoping announcement. Will go back and check again - anyone else got any ideas.
In today's announcement are these paragraphs.
Not being a resource geo the comment about pit modelling and resource with drilling to 300m requires further explanation.
Depending on the type of mineralisation the JORC code allows the resource geo to extrapolate beyond the drill coverage by a "reasonable" factor down dip and along strike. How much for Bindi? The MD says, above, the "resources are very likely to grow significantly" implying something perhaps like this.
The white rectangle may be the reported contribution to the 2019 MRE for this section on the east limb.
Current drilling has improved the level of confidence to the base of the conceptual pit ON THIS SECTION thereby adding a possible 50-75% to a resource model below 300m vertical. The West limb resource does not look like it will change much for the available sections. In fact there may even be a slight decrease. The lower grade mineralisation envelope is included in the scoping study plan- mentioned at a meeting once (forget details - better to process the lot than store for later and other considerations).
Steve Abbot's comment, combined with the other sections provided suggest at least a 20% increase (visual gut feel - highly unscientific but about as meaningful as anything without access to data) would be an extremely conservative estimate for increase at Bindi. Maximum 75% to base of scoping study pit outlines which will be modified by many factors before they are reached in decades to come (if ever). ===== Great result for 20CAD002 at depth in the east limb with broad 0.3% Cu intersections. At the upper levels of my expectations given previous results at Bindi. 0.5% would have been better but that does seem restricted for the Caravel project.
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