I've been waiting along time for some drilling around the Iron Duke.
It was always thought to be a different deposit (not part of the original reserves) but this update suggests that it's part of the overall Mt Carbine deposit. "simple continuation of the sheeted vein sequences going north". "continues strongly through these rock types".
The grades of the intersections seem to consistent with the previous holes and suggests the grade might be higher than 0.13%.
It looks like the deposit might be stronger lower down "this drill hole has changed our thinking on the orientation of the Iron Duke tungsten veins, which also appear to get better at depth".
There are also more veins to be drilled. This will add a lot more resource and value to this mine.
EQR Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
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