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
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