PRX 0.00% 0.3¢ prodigy gold nl

Ann: Exploration Update Suplejack Drilling Results, page-8

  1. 2,475 Posts.
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    G'day denco-No -Disagree this is only the first Diamond drilling limited
    program ever conducted at Supeljack & significant intercepts have been identified.

    With diamond drilling results known & significant gold intercepts ,including
    Suess, hole TYRD100003-13mts at 5.6 g/t gold
    Hyperion South hole HSRD100002-9 mts at 5.4g/t gold
     

    The interpretation of Suess as a north-south striking structure is confirmed
    and open along strike and down dip.

    Observations from diamond drilling have resulted in multiple other
    analogous targets being identified.


    denco-Reflect on what this resource is likely now, versus its position & then
    consider that Groundrush is only 1.1 million OZ but has had $40,000,000au
    having already been spent in 5 years developing NST/TAM resource
    in close proximity.
    Extracts taken from NST's Denver presentation, its informative as it gives clear
    indication as to the $$$$$ being committed to the Tanami .

    Central Tanami Project; Next Tier Of Growth

    In the last 5 years has seen $40,000,000au invested at groundrush
    in exploration, drilling & feasibility studies.

    Groundrush current Resource is 1,100,000 Oz.
    Plan to- this year to refurbish the plant (CTP) to obtain 60% J.V. interest in TAM.
    Has the potential to be 120-150,000 -p/a producing asset as of 2018 onwards

    We have spent 5/8s of F/A in comparison, & have collected enough
    exploration data to expand this program next season.
    This is but one avenue ABU is pursuing.

    As already stated-bigger picture factor to consider here


    imo-salt
    Last edited by Saltiga62: 07/12/16
 
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