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Ann: More High Grade Gold Results At Karouni, page-20

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Bugwan64

783 Posts.

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13/11/20

18:39

Post #: 48863637
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Originally posted by tomboy: ↑

SDD190 still being held back after 6 weeks in assaying,
its a very wide 45 degree width busting drill crossing the entire UG area and also testing depth

SDD191 and SDD192 are still very good and show the width is still open down there & shallower with decent grades
▪ 1 m @ 12.98 g/t Au from 144 m

this is shallower than the others at 200m-300m and still a super high grade showing there is more high grade down there & open at the edges

Also Goldstar is coming in decent grades too at 2-4 g/t at surface trench & even 10 g/t deeper 66m which is way higher than the current 1 g/t meaning that is a large open pit in the making on the way from OC.
• In GRC183, 17 m @ 2.21 g/t Au from 3 m including 4 m @ 6.18 g/t Au from 5 m
• In GRC179, 6 m @ 10.0 g/t Au from 66 m including 3 m @ 19.58 g/t Au from 66 m

SDD190 193 194 195 196 are completed and assays pending also with SDD 197 near complete..

On these results I expect the JORC upgrade of smarts UG resources to double from 290koz to 580koz & reserves to increase to 140koz then with LOM increasing to 3 years.
LT this may well be a 2Moz+ UG mine
market doesnt expect anything new at all looks like.

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Is the "very wide 45 degree width busting drill" like a mine shaft?

I haven't heard of anything like it before.

TRY Price at posting: 10.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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Ann: More High Grade Gold Results At Karouni, page-20

Top Stories

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

The winners & losers on market if negative gearing were gone

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

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Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

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