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chuk

14,102 Posts.

4068

07/07/14

15:07

Post #: 13622652
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Originally posted by chuk ↑

No worries.
Another thing you might have missed in your earlier post.
You mention the Southern deposit is lower grade. It may be so at this stage but that's not necessarily going to be the case after infill drilling. Those lines of drilling are spaced at 400ms.
The jorc resource in the northern zone is higher grade in the indicated portion and lower grade in the inferred. With these types of deposits of high grade narrower zones of mineralisation, infill drilling to close space, picks up on and defines high grade shoots often missed by wide spaced drilling. That Southern zone could easily contain multiple high grade orebodies similar to those in the current mine plan. They have shown areas of interest where they plan to drill to look for such deposits.
Need plenty of infill drilling to see the real grade. Infill drilling could also see more higher grade zones identified from within the current inferred resources in the northern zone.

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A good example of this is OGX. They have a couple of very high grade narrow orebodies. Drilling has been very much hit and miss with many more misses than hits despite having a reasonable understanding on the location of the high grade orebodies. Today they announced some spectacular grades (hundreds of g/t) and good continuity through u/g development work to follow one of those orebodies.

BSR Price at posting: 2.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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