The 13th and 18th July has complete cloud cover so nothing useful at all in those passes. I've kept in the last two cloud passes in case someone can make out something but I can't.
The current drilling seen through to the 8th July is consistent with TG6 having some priority targets to just get a handle on potentially how big this system is. Before the current round of drilling most Burmeister PoW east/west lines had no more than 2 or 3 drill holes so TG6 was gaining some idea of what was happening but still had large gaps in their understanding, particularly as there was 200m spacing in the nw/se direction.
While the drill dots look small and close together, even with the infill PoW lines, its still 100 by 100 spacing. This exploration drilling is over a significant area.
As context a project like Medcalf is current drilled with a tighter grid pattern but all the drilling before the current stage is in an area ~500 by ~500m.
As can be seen from this version of the exploration target, most of the exploration target was centered on southern drilling and western extensions. The exploration target not based on eastern intercepts and barely any of it was more than 100m east of existing intercepts.
Most of the new Burmeister drilling is either northern or eastern. TG6 isn't yet testing western extensions. TG6 may have had guesses about what was there in the north and east, but they weren't guesses TG6 were prepared to share until they had some drill results to back the theory up.
Target area C and D
The 8th July was a very clear pass. The picture below shows some drill pads that have been prepared, along with obvious drilling at three drill holes. The spacing on these exploratory area C and D holes is huge. From the white dot at the middle top, its 400m to the next PoW line, 600m to the one south of that and then there's a blank 200m PoW line and another 200m to a PoW line with drilling. If Jaegermeister does have consistent mineralisation over an extended area this large it has the potential to be seriously big. IMO the current share price reflects Jagermeister as having an extremely low probability of being mineralised with useful intercept widths.
This is the upper middle drill hole. TG6 appear to have hit a pegmatite but only one of the holes appears to have been drilled at the 8th July.
This is a time series on the centre right drilling. TG6 looks to have completed two holes with 200m spacing between them. While the middle pad was prepared, TG6 appears to have bypassed drilling inbetween at this stage. The signature on the right hole is consistent with having hit a pegmatite.
The next update by TG6 will be very interesting!!
- Forums
- ASX - By Stock
- TG6
- Ann: Investor Presentation - RIU Gold Coast Resources Showcase
Ann: Investor Presentation - RIU Gold Coast Resources Showcase, page-144
-
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TG6 (ASX) to my watchlist
(20min delay)
|
|||||
Last
13.5¢ |
Change
-0.005(3.57%) |
Mkt cap ! $9.599M |
Open | High | Low | Value | Volume |
13.0¢ | 13.5¢ | 13.0¢ | $15.03K | 114.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 552 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.5¢ | 34597 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 552 | 0.130 |
3 | 48688 | 0.125 |
4 | 244797 | 0.120 |
3 | 193985 | 0.115 |
4 | 70454 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 34597 | 1 |
0.140 | 100561 | 3 |
0.150 | 40000 | 1 |
0.160 | 121487 | 3 |
0.175 | 25152 | 1 |
Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
Featured News
TG6 (ASX) Chart |