Just showing Plough's important pick up.Point 3..

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Peppie

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23/01/24

15:16

Post #: 72024336
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Originally posted by plough: ↑

"These results aren't shooting the lights out anymore, but they are still very solid."
I see 3 possible provisos to that statement

1.NN seems to be widening out along strike as it gets deeper , although the average width of intercept is getting thinner to about 6 meters
So individual drill intercepts do not look as thick as previously but the strike length has increased making up for part or all of the difference .
Maybe the drives will end up become longer at depth based on the distance between the last two drill holes of about 150 rather than 100 meters long , but the panels mined are narrower .
, I am not a miner but just seems logical that at around a 6 meter average width for the intercepts which is around the width of a drive for twin boom jumbo that, that would also mean no support pillars needed for the panels between the drives ?

2 Another observation is that this the Fig 1 map shows vertical depth to the same scale as the North to South long section , most exploration companies make the vertical scale bigger , which emphasised the amount of ore per vertical meter , SPR has not done this , so what looks like only a small improvement in defining the resource is actually over 50 meters of depth , and at around 1500 OVM that is no small feat .

3 Compared to the 12/12/23 update Fig 3 page 4 , in figure 1 the purple high grade at the deepest point has widened out and has taken out what was previously red leaving a thin red middle section only .

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Just showing Plough's important pick up.

Point 3.

.

SPR Price at posting: 39.5¢ Sentiment: None Disclosure: Held
5 Upvote

0 Great analysis

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Just showing Plough's important pick up.Point 3..

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Just showing Plough's important pick up.Point 3..

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