Originally posted by lindentree:
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UMkMyMny ...correct and here comes the audit... All of these holes are within the 30m strike length of the peak grade of the known ore body. In contrast to the previous announcement of the drill holes to the north. Is this a coincidence? CLZ have said the drilling is necessary work to further detail the design of the proposed open pit. I'm not so sure. This high grade section was always mining priority No 1, and the pit dimensions will not change with data from this latest drilling....Unless they move the drill rig further west and define the footwall load in the granite which they apparently have not done here. The best of the latest holes here is sited only 3m from a drill hole which has already had holes drilled 2.5m either side in the same section. For the record the old "bonanza" hole (the best for all drilling at Kat Gap) is FKGRC378 ...0.5m @ 592g (28.5m-29m) The new hole (3m north )....FKGRC418 ....3m @ 39.4 (31m- 34m) It's clear that CLZ were trying to drill close to the old hole for no other purpose than to get a new bonanza hole for obvious reasons. But in fact all they have done is downgrade the value of the old hole. It would make more sense from an ore definition point of view to drill half way between the existing 10m spaced lines. (Admittedly it's hard to determine their MO when the graphics are so deliberately(?) vague).Not even a plan of the ore body/s .JORC (2012) "Other substantive exploration data" "Other exploration data, if meaningful and material should be reported" "No other relevant data is reported" "Diagrams" "Appropriate images have been provided in the report" Comment: The diagram showing the drill holes has errors of scale and does not show a true and detailed relationship between previously reported drill holes and new holes (and numbers or grades). An indication of the errors...the true strike length tested by drilling is 28m while the diagram indicates a total of 45m strike length. The conclusion to be drawn from this is that CLZ are not capable of producing adequate graphics to the standard required by modern exploration companies to properly communicate their message, and sadly they dont seem to care.
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Well done linden with that analysis! I thought this quote (posted by another before) is appropriate "A mine is a hole in the ground. The discoverer of it is a natural liar. The hole in the ground and the liar combine to issue shares and trap fools."
by Mark Twain.