PUA 0.00% 0.6¢ peak minerals limited

Translation.Lots of low grade-very high grade, but very narrow...

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  1. 2,136 Posts.
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    Translation.

    Lots of low grade-very high grade, but very narrow intersections.

    The minimum underground mining width is about 1.5m. So there is considerable dilution from barren wallrock. A lot of mineralised zones quoted will be uneconomic.

    Visible gold - I assume they are clued up on sampling and assay methods for coarse gold. Bendigo had lots of problems with this.

    The other issue you need to look at is vein continuity. Lots of interections but which ones join up in adjoining drill holes. This will require a lot of drilling and even then you cannot be sure until you get down there.


    G
 
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