PUA 0.00% 0.2¢ peak minerals limited

Bernard - in relation to 20oz per tonne grades - here is an...

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    Bernard - in relation to 20oz per tonne grades - here is an excerpt from the recent HEG quarterly:

    The Frenchman’s vein set has been previously mined to 100 metres below surface (780L) in
    widths reported to be up to 24 metres and grades up to 32 ounces per tonne.
    Up to about 1920 the reported production from the Frenchman’s vein set was approximately
    200,000 tonnes at 16g/t gold over a 400 metre strike length from surface down to 780L.
    Sampling below this level in the Exhibition shaft at the 1600N position early in the last
    century gave results of 9 metres width at 20g/t gold at 730L and 4 metres width at 26g/t gold
    at 752L. These wide intersections are immediately above our current Paxton’s workings.
    6
    Access to the Frenchman’s will be through the 780 level for dewatering and ventilation and
    from the 730L from the Reward shaft to access the base of the known wide zone. The 707L
    1555N crosscut is also being developed to the Frenchman’s position, a rise will be put up 25
    metres up the Frenchman’s and drives will be developed along the Frenchman’s on 707L.



    With HEG, the promise of bonanza is always just around the corner ... lets just hope they can actually start to get that mill performing decently in time to reap enough of it to put some decent cash in the bank.

    (note - paxtons development is currently up to a height of 707, so they're really just below all of this historic Frenchmans area. Hopefully the upper paxtons can also yield some of this sort of high grade ore - the 5000oz face sample mentioned in the qtrly bodes well for at least a few pockets of decent stuff up there).

 
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