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hotmix

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24/02/20

10:21

Post #: 43106496
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Originally posted by Justis: ↑

Yes if they find a multi million oz deposit.

What's the probability of that? Well there are many multi million oz deposit on the Guyana shield green stone belt and there has been relatively little modern exploration in Guyana but a lot of gold has mined by artisanal miners but they only scratch the surface.

Try have been turning up some of the highest drill result ever recorded in Guyana and average grade better than most gold mines Guyana shield green stone belt. So there is potential but to prove up a big deposit requires a lot of drill, what would normally happen if that a target is found, step out drill is done to find how far the the strike extends in each direction.

So far try have only found relatively narrow deposits and while found decent strike lengths at this stage looks like suitable for a number of smaller pits along strike. More drilling may change that as we are seeing along Hicks.

I find it interesting that mineralisation exists at depth, Smarts underground has good grades and there is also Hicks deeps. While Smarts underground may happen sooner rather than latter, I think try are more focused on relatively near surface deposits for open pit operations

At this stage Kurouni is about a 1.4 million Oz Au mine, I do think it will become a 2 million Oz Au mine before long.

IMO it is possible Kurouni can become a I do think it will become a 4 million + Oz Au mine, maybe some time before that is realised as they so far have only encountered smaller deposits. But you never know, that big deposit maybe there waiting to be found such is the nature of the land that has had relatively little modern exploration.

Hope no one thinks I am suggesting that try sp could get up around $4 I honestly don't see it at this stage, how ever such is the speculative nature of gold exploration and mining companies have done similar.

At this stage I just look forward to TRY getting out of the doldrums, it's looking positive atm but need to see progress and results

Expand

leaky ship?
does someone know something?
maybe drilling results about to be announced.

TRY Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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Growth, page-87

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The market's shrugged at China's stimulus measures all year. Why is this one different?

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

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