WCN 9.52% 1.9¢ white cliff minerals limited

Ann: High grade drilling results. Visible gold, Aucu Gold Deposit-WCN.AX, page-5

  1. 7,554 Posts.
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    It's you. The traders are punting on ball buster intersections every ANN but drilling out a deposit takes time (and money). There's high grade gold spread all over this hill from surface.

    To build a geological model that will feed into the JORC resource estimation they need drill out the whole deposit, the low grade and the high grade, to define the limits of the high grade shoots.

    Looks like they've got enough diamond core - the RC rig will finish the job a lot faster than the diamond rigs. More news to come from 7 holes and another 1500-2000 metres of drilling (~20 holes), then the JORC resource estimation after that.

    "The Company is awaiting assay results for EGZ16-12, 32, 33, 34, 28, 29 and ERC16-30. The Diamond drill rigs have been demobilised and drilling is continuing with the RC rig. The Company expects to complete another 1500-2000 metres of drilling in 2016. Further assay and drilling information will be released as it become available."
 
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