HAW hawthorn resources limited

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Ann: Trouser Legs Gold Project - Underground - Stage 3, page-7

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17/06/20

11:32

Post #: 45271566
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Originally posted by Midnight26: ↑

Massive exaggeration. It's not 60m of visible gold and it's not going to assay 30g/t over any large interval. It could be a couple of metres at 5g/t. Basically we have no idea of what the returned grades and thickness will be. Could be good or could be bad.

The quartz veining could make up 5% of that core interval. The photo shows a 50cm vein - that could be their thickest vein which you could assume since there's a fair chance they would show the best core.

Why didn't they show us a few trays to show how much veining there is instead of a zoomed in pic, and why not show us a pic of the visible gold. Is it because the amount of veining and the VG won't impress?

"occurrences of visible gold" could be two tiny specs which could return mediocre grades. Once you've cut the core then the lab has split off a 50 gram sample from a ~3kg sample for assaying the dilution and the random chance of a speck of gold making it into the assayed sample means a result could vary between 1 and 30g/t.

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Hi @Midnight26, thanks for your comments on the announcement. Interested in your thoughts on HAW overall if you have any you're willing to share. Most posters on the forum are holders and super bullish, and it would be good to get a perspective from an informed non-holder.

HAW Price at posting: 16.0¢ Sentiment: Hold Disclosure: Held
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