ERW 1.59% 6.4¢ errawarra resources ltd

I think things are going pretty much as expected although it...

  1. 73 Posts.
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    I think things are going pretty much as expected although it would have been nice to get massive sulphides on the first drill. The pegmatite seam was a bonus if the assays can confirm Lithium. Anyway now it’s all down to the DH analysis as well as the assays in general.

    ERW only did three very shallow drills and I suspect that the next move will be more drills, possibly RC based, but more precisely targeted, and probably to greater depths (remember Azure’s were quite a lot deeper to 400m etc at Ridgeline).

    i believe ERW still has well over $2m which should be more than enough for quite a lot more drills.

    Overall I believe the story remains intact plus we now have pegmatites in play. Previously I think they were thought to be more likely further east in the tenement so suspect we’ll see an uptick now in basic exploration for more).

    Roll on the assays and DH results.
 
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