SVG 4.00% 2.4¢ savannah goldfields limited

Ann: Outstanding High Grade Gold Drilling Results, page-393

  1. 22,557 Posts.
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    ”Hi towie,
    The last we heard from Scott was in the ann above:

    "Chief Operating Officer Scott Hall commented“These wide; high grade; continuous; mineralised zones show the potential to be upper portions of a deeper bonanza grade feeder system, often found under epithermal gold deposits. Whilst confirming further high grade ore for the current mining operations, these drilling results also encourage further deep exploration on the broader project area"

    Since we don't have a CEO, Scott is the man. Let's hope that he is in full charge of mining and that contract miners employed by Maroon are not
    maximising ore production in Maroon's interests rather than cherrypicking the high grades to optimise LNY's revenue.

    The milling agreement means that ores under 5 G/T are of very limited benefit to LNY and, IMO, should be left for later onsite processing.


 
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