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Originally posted by kyngdominion
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From my understanding and happy to be corrected ... small resource... ‘The broad spacing of these holes is tailored to finding a large gold deposit, so it is important to not be mesmerised by narrow high grade intercepts and to not drill too close too soon – a situation that can result in over-drilling and overspending for too few ounces defined. As previously stated, it is important to first understand the overall three dimensional stratigraphic and structural architecture before attempting to zero in on sweet spots.” They are now looking for continuation of mineralization between previous holes... Numerous gold mineralised veins now identified in 5 wide spaced holes spanning 1,500 metres of strike at the Goornong prospect” And "Two initial follow up holes have been designed to assess the degree of connectivity or otherwise of the gold mineralised zones identified to date." Hole 5 and 6 were the best intercepts of 12 metres at 4.1g/t and 10 metres at 4.2 g/t One thing for sure is if the hit another high grade pocket while doing this the T/H will come about for visuals rather than assays as all the drilling Kirkland/Agnico has conducted that hit the Ultra grade stuff showed strong visuals in the core...The swan zone had an initial Mineral Ore Reserve of 2.34Moz of gold at a grade of 49.6g/t, refer to the NI 43-101 Report dated 31 December 2018). The IP Geophysical survey could also create strong interest if they uncover some or an anomaly on the strike extensions of known gold-endowed structures such as the Fosterville and O’Dwyer faults…. Geophysics A broad induced polarisation (IP) geophysical survey has commenced in the northern part of the tenement following the signing of eight access agreements with local farmers. The survey covers the strike extensions of known gold-endowed structures such as the Fosterville and O’Dwyer’s faults, which respectively host the Swan and Curie deposits on Agnico’s Mining Lease, and which are largely concealed by shallow transported cover of the Murray basin in the northern part of the tenement. The aim of the IP survey is to identify hotspots along these structures which may reflect the presence of disseminated sulphides which tend to indicate areas of most intense hydrothermal alteration and, by association, gold mineralisation. Previous limited IP coverage on Agnico’s Mining Lease has shown a good relationship between chargeability anomalies and known sulphide alteration and gold mineralisation (see S2 ASX announcement of 16th February 2023). They $7.43 million at quarters end 1.5 million or A$1.65million from the Finland sale So total $9 million…st Quarter 2025 before another CR…
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"They are not interested in proving up a small resource..."
Last edited by
plough :
22/05/24
(20min delay)