Think we are almost set and guaranteed a big resource extension towards the east.
Hole 84 was amazing. Not only was the intercept thick, it confirms continuity & extension of the lode from Hole 69. Very significant as we now have a massive area to infill drill. Plus its still open further to the east and north. Wow!
Based on a conceptual target, assuming the zone highlighted below is all mineralized. It presents an area of 150,000m2. Based on the information we have to date, if we take an average depth of the EZT lode to be 170m deep and the average grade to be 1.3g/t, we're looking at a target of an Additional 3.04 Moz.
That is an additional to the circa 2Moz likely at the immediate Ternera Deposit.
So easily a 5Moz conceptual target. But, safe to say, easily over 3Moz !!!!
This doesn't even factor Toro Gordo, Drone Hill or any other significant extensions we may hit.
Whilst the SP & Market Cap currently doesn't reflect the potential. I'm happy as fck with today's ann. Takes alot of weight off your chest as you are just never sure are far mineralization actually extends until you get confirmation from the drills.
Glad to be invested in this discovery!
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firstmac mortgage funding trust no. 4 series 1-2020
Ann: General Security Agreement, page-246
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