From the article, this is very exciting…
“Interestingly, SPR’s new interpretation of the Four Pillars (historical hits include 15m at 12g/t and 8m at 16g/t) and West Winds (historical hits 60m at 2.4g/t and 32m at 4.1g/t) targets, are cross-cut structures similar to Never-Never, where previously they were incorporated in the lower grade Gilbey’s pit resource model,” it said.“Areas in the Gilbey’s pit, previously mined directly above both Four Pillars and West Winds, were coincident with +30% positive grade reconciliation and are supportive of the company’s interpretation in our view.“With drilling underway, positive results from these targets could be a meaningful catalyst in the short term and support exponential high-grade resource growth if analogous to Never-Never.”
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We are currently drilling aggressively these Never Never look-alike targets (note, the hits at Four Pillars and West Winds are reversed in the quote above - West Winds is the extremely high grade, Four Pillars is wider, still solid grade).
So, the beauty of it is we already have strong hits in these areas from drilling conducted in late 2022 when project was in care and maintenance mode and focus was shifting to Never Never.
On top of this, the article states that when the Gilbey’s open pit was being mined we were getting +30% grade from the areas directly above West Winds and Four Pillars.
And, we have the Nick Jlolly (General Manager, Exploration and Development) LinkedIn post several weeks back which cites this spectacular hit from 169m also from late 2022. No wonder the Geos are excited! (Note: this is a cut grade, wow)
(20min delay)