AGC australian gold and copper ltd

Ann: Grandview Drilling Intersects Extensive Stockwork Veining, page-9

  1. 8,652 Posts.
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    missed your comment earlier. Can't argue with that view. Even though they are not staying idle and I like how they approach the projects, your points are very valid.
    They need to test strike and at depth. Considering how shallow they drilled so far at Boxdale-Carlsile Reef they can do both with RC rig at most places so costs won't be high.
    Drilling 3-4 550-600m diamond holes will not go to waist either as diamond core will provide massive understanding of the stratigraphy veins etc..

    Do 20-30 350-400m RC holes (mix of testing strike and at depth 50/50) and then do diamond holes as either follow up (hopefully) to a good RC hit or just fishing holes if they need to be.

    If their theory is right and the intrusion is about 6km deep then chances to hit decent widths and grades above 300m are slim. Possible but slim.

    But current visuals from Grandview may just offer the breakthrough if grades show there is economic zone and push SP back above 20c considering how shallow such zone will be.

    Again, your points are very valid in terms of what needs to happen at B-C.
 
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