3 points stand out from our most recent Quarterly Activities Statement:
-there may be up to nine discrete pegmatite bodies within the area of auger drilling
(Fig. 1)
-the Main zone is likely to be more than 1.6 km long, double its previously known
extent; and
-Sangar zone is likely to extend for 800m to the north-west, quadrupling its known
strike length.
I'm going to forecast that the next resource upgrade for Goulamina be at least 61 mt's:
View attachment 692448
Basically we are told that the MZ is now double in length and the SZ is now quadrupled, so it's pretty easy to factor that in.
As I'm conservative I've chosen to exclude a lot of the little dykes which:
View attachment 692454
I've also excluded the new outcrops found for Target 1 & 2:
View attachment 692457
I'd say if we purely drilled Goulamina out for 1 more round we will hit 61 mt's.
If the next round of drilling ventures from Goulamina, it would be pretty easy to not only double, but triple the size of this resource.
Management have use the benchmark of 70 mt's to trigger their options so here is another guide.
I'm pretty sure these numbers will be hit by the end of the next drill campaign.
Question are:
-how big will the drill campaign be? 20,000m/30,000m?
-how fast will they go at it? 3/6 rigs? 24/7 drilling? Continued Auger?
-turn around on assays?
