Replying to your'e comments, “considering how small and shallow this is, why they couldn't bang a few drill holes on 50m spaced sections to get some easy tonnes,” and “how hard would it have been to bang another hole in front of hole MXENRC043? The drill rig was right there,” it appears to me the ASX release already addresses these points with the following;
"Drilling identified mineralisation further west than projected, which indicates a lateral extension of the mineralised structure beyond prior models. The geometry of mineralisation suggests continuity up-dip and along strike, with the potential for shallower intercepts. The untested up-dip regions across all section lines will be systematically infilled in the next round of drilling."
This means that mineralisation was encountered deeper than initially planned, with more space up-dip and to the west, indicating the potential for a larger volume of shallow mineralisation than previously thought. The next round of drilling should target this area.
Also the hole above MXENRC043 looks like an intersection higher up in hole MXENRC045 to the east. The intersection in 45 has a higher RL than the one in the main lode of 43 which you seem to be interpreting as an old hole above 43.
More drilling to come.... Cheers
- Forums
- ASX - By Stock
- Ann: Eagles Nest drilling confirms shallow high-grade gold
Replying to your'e comments, “considering how small and shallow...
Featured News
Add MXR (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.4¢ |
Change
0.002(4.76%) |
Mkt cap ! $18.82M |
Open | High | Low | Value | Volume |
4.5¢ | 4.6¢ | 4.2¢ | $24.94K | 558.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 23693 | 4.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.6¢ | 57930 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 23693 | 0.043 |
1 | 12000 | 0.042 |
2 | 1050000 | 0.041 |
2 | 1004000 | 0.040 |
1 | 100000 | 0.038 |
Price($) | Vol. | No. |
---|---|---|
0.046 | 57930 | 1 |
0.047 | 152603 | 4 |
0.048 | 16360 | 1 |
0.049 | 286698 | 4 |
0.050 | 1100367 | 4 |
Last trade - 15.59pm 02/10/2024 (20 minute delay) ? |
Featured News
MXR (ASX) Chart |