LDR start drilling Uralla Gold Project tomorrow, according to company timelines.
Uralla is in vicinity of the recent major gold discovery (Enmore) announced by Okapi(OKR) on 8th September 2021 (46 days ago).
Here, the 100m @ 2.34g/t from 59m OKR hole ended in mineralisation of 3m 8.86 g/t from 171m.
Obviously, since this discovery was formally announced to market 46 days ago, there was no information available in the LDR prospectus and funnily enough, little word since from LDR - other than a new identification on the maps attached to the two previous ASX LDR announcements.
Interestingly, OKR have stated that "mineralisation is analogous to that at the operating Hillgrove Gold Mine (ASX:RVR). located approx 20km to the north of Enmore, where past production exceeeds 730,000 ounces of gold." The location of Hillgrove is shown on the map.As you can see from the grey historic holes from the second figure - previous exploration at Enmore (OKR) seems to have only targeted shallow mineralisation. This seems to be a recurring theme of exploration in the New England Fold Belt. Limited to no geophysics and limited holes under 100 metres.
Good luck to all shareholders.
Above is not financial advice and my opinion only.
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