Good post again @tangs
" The resource modelling seen at Collerina is consistent with early interpretations of nearby deposits, such as the Tritton Deposit owned by Aeris Resources (prior to the decision to mine). The Tritton Deposit, after 77,000m of drilling, was interpreted to be a multiple lens deposit offset by faults and shears. This interpretation was later revised to an intensely folded single sheet-like body as drill density increased and continuity was confirmed (result of short-sharp 10-20m scale roll overs in cross-cutting structural zones) during mine development (Refer Appendix Figure)."
Helix have learnt how Tritton was developed ( and from 180m initial resource ) and mistakes made.
This is another plus.
The right modelling will maintain the low exploration costs - AND potentially mine development.
More drilling and the Company seems up beat with " provisions " .
JMO
Cheers
HLX Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
(20min delay)