"The higher grades will probably occur at depth where the...

First 20 Last

Share
Profile

Follow
Seth Davis

8,267 Posts.

2614

17/03/20

14:14

Post #: 43539951
Share

Originally posted by afawcett: ↑

This is a typical result for these plays, the shallow intercepts are normally low grade/halo results as the exploration team wants to determine results that give indication to why the surveying indicates good ground to drill. Shallow drills are also cheaper, so it’s about minimising expenditure early but to also still increase probability of a mineable deposit being found. The higher grades will probably occur at depth where the orientation of the deposit changes and the concentration of sulphides increases as these rocks tend to be denser then the surrounding rocks.

The geology team probably can interpret where that roughly is, it just comes down to drilling holes to chase the core. Just remember that only 1% of what is found is mined across industry, so plenty of failure comes with each success.

Expand

"The higher grades will probably occur at depth where the orientation of the deposit changes and the concentration of sulphides increases as these rocks tend to be denser then the surrounding rocks."

This was evident at Nova where the smaller and weaker mineralisation occurred at the top of the deposit.

Again, today's results for just one RC drill hole into fresh rock are exceptional, and upgrades 2kms of strike (doubt they hit the nail on the head first go!)

GAL Price at posting: 12.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

MM1

Geochemical work at Newington picks up gold and copper anomalies for Midas

PEC

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

BGL

Bellevue aims for 45% production increase by FY 2028, announces $150M placement