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You may remember that the main outcrop is actually raised 40m...

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Freehold

24,192 Posts.

5565

28/07/16

13:51

Post #: 18388766
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Originally posted by Ubique13 ↑

100% agree, huge amount of upside from here! The point I was trying to get across is that already, the deposit appears to be economical to mine and we've had it for less than 6 months and only spent a couple mil. Amazing find by management and solid work thus far in defining what is there. Can't wait for JORC and scoping study.

@Freehold, I interpret that statement as saying that they are planning on completing another 3 DD holes ASAP ~50m or more to the East so that they can see the width of the deposit even deeper as we are only at 120m vertical depth at the moment if you refer to the first cross section I posted - the 3 new 100m deep holes that were completed are shallow.

"Drilling is ongoing, with an additional three (3) step out holes planned to investigate depth extensions along the mineralised zone"

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You may remember that the main outcrop is actually raised 40m odd high ...so in essence they could mine down to 150+40 = 190m easily from the peak of the outcrop.

BGS Price at posting: 27.0¢ Sentiment: None Disclosure: Not Held
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