EL8 elevate uranium ltd

Ann: Koppies Mineralisation Extended by 10 km, page-7

  1. 26 Posts.
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    Hi Zinzan4, I can now see where you comments have come from, thank you for that. The announcement is not overly clear on this matter, but on Page 2 in the first paragraph it mentions that the previous drilling strategy was "Drill holes were typically halted after 2 m of unmineralised ..." , yes in some cases only 2 meters. The extra deepening of the drill holes referred to in this announcement was to extend them to 25 meters regardless of progressive results down the hole and that resulted in, and as is expressed in the Paragraph 2 of Page 2 " This body is open to the SW and to the NE and is between 2 and 16 m deep." So these 25 meter holes (I know not stated in the announcement) are not the 100 meter holes, which were drilled later.

    I also note, that in Paragraph 3 of Page 2, which is shown in your text above it states that "The new basement-hosted discovery has not been included in the current MRE as further drilling is required to fully define its extent." So drilling results from neither the extended 25 meter holes, nor the later 100 meter holes are included in the mineral resource estimate.
 
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