SPR 7.14% $1.05 spartan resources limited

Ann: June 2019 Quarterly Activities and Cash Flow Report, page-8

  1. 5,440 Posts.
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    a couple of points

    1) the grade is not 0.77, it has most recently increased to 0.84 (if by smoke and mirrors, who knows, until you see the mine plan)
    2) they are talking about minimal exploration adding resource to the mine plan in the next 24 months (so their mine plan is currently going out 24 months (at least they are thinking that, as they typed it)
    3) drilling yields: confirms the existence of mineralisation through a previously interpreted‘waste’ zone.

    I find it odd the geologist defined gold where there was not much, but ignored gold where it was (and called mineralistion a 'waste zone')

    4) new results from the wasteland: Standout intersectionsreturned include 50m @ 2.9g/t Au in DGRC0548, 43m @ 1.4g/t Au in DGRC0567 a

    5) it will be interesting to see the open pit design at the various POG
    6) they seemed to make a lot of mill adjustments that were very positive

    The late Aug mine plan will be so interesting.
 
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