It’s a starting point with decent grades, but unfortunately doesn’t really add anything new to the mix beyond present day confirmation. The extent of drilling hasn’t markedly changed the footprint, and disappointed no holes tested the panel along the STMRC005 RL.
I know that the confirmation stage is part of it, and its fair enough to work from the known to the unknown...but i still think testing at depth beyond the historical drilling early on rather than the lateral to determine if there is any continuity or not is a fundamental question.
Based on the historical plans my assumption is that SOMRC006 (8m @ 15.5 g/t Au) is broadly a re-drill/confirmation of Westralian Nickel’s MDH001 (8m @ 13.6 g/t Au), so that’s a positive repeat which is good, but again one or two holes beneath this is what matters rather than shallow holes within the historical working area (imo).
Its good that they’ve gone straight to the larger sample photon assaying, but it would still be useful to see the internal 1m split gold grades rather than just the bulk intersections presented. As an example, SOMRC004 returned 9m @ 13.4 g/t Au… but its clearly not that consistent, with an internal 2m interval @ 59.4 g/t Au and also a then a photo of coarse panned gold from a 1m interval within that….so I suspect it hanging off that 1m, which is an insight to what the likely grade of the surrounding 7m is. Anyway, it’s a start and interested to see what comes from the fence of holes sitting above STMRC005 that are pending.
GLAH
- Forums
- ASX - By Stock
- Ann: Thick, High-Grade Gold Including 7m @ 23.0g/t Au - Mangaroon
It’s a starting point with decent grades, but unfortunately...
-
- There are more pages in this discussion • 97 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DRE (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $59.72M |
Open | High | Low | Value | Volume |
1.8¢ | 1.8¢ | 1.7¢ | $39.72K | 2.310M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 83767 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.8¢ | 2997169 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 83767 | 0.017 |
31 | 7582737 | 0.016 |
20 | 6624428 | 0.015 |
7 | 2634594 | 0.014 |
7 | 3685011 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 2997169 | 17 |
0.019 | 2675784 | 11 |
0.020 | 6728176 | 13 |
0.021 | 512692 | 3 |
0.022 | 670936 | 5 |
Last trade - 14.37pm 22/05/2024 (20 minute delay) ? |
|
|||||
Last
1.7¢ |
  |
Change
0.000 ( 0.00 %) |
|||
Open | High | Low | Volume | ||
1.7¢ | 1.8¢ | 1.7¢ | 407213 | ||
Last updated 14.37pm 22/05/2024 ? |
Featured News
DRE (ASX) Chart |
The Watchlist
RDN
RAIDEN RESOURCES LIMITED
Dusko Ljubojevic, MD
Dusko Ljubojevic
MD
SPONSORED BY The Market Online