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Ann: Lake Roe Gold Project Mineral Resource Update, page-57

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ANTON707

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13/01/22

00:42

Post #: 58820660
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Originally posted by flashgrains: ↑

Hi CountryWriter

I’ve copied this extract from your post of 8 Jan on the Becoming a substantial holder…thread:

“The UG is vastly bigger than 500koz Au.”

After this comment of yours, I went back and had a closer look at the UG drilling. As the Resource Update states, most of the deep holes have been spaced 80m apart (N to S).

However, unlike the Bombora OP section of the Resource, there has been relatively little W to E drilling along these 80m lines, especially at the Northern and Southern ends of Bombora.

I’m no Geo, but basic maths suggests to me that if further deep drilling along these W to E lines yields similar results, there could, as you hypothesise, be substantial increases to the UG Resource estimate.

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this is a great point and must the be a factor which led management to bet “all in” in to the “known” gold resource vs. The unknown of the lithium project.

BRB Price at posting: 25.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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