now thats an elephant - 886m gold intercept , page-15

hotwolf

At this stage we have 2 out of 3 items required to confirm size of pipe 1 potential, depth + grade

Market is yet to find out the width which is just as important as the above mentioned in order to establish tonnage.

Those new to the deposit aren't to know whether the pipe is 20m wide or 300m wide. It makes a world of difference to the tonnage.

That is the purpose of the second hole, to establish width, we should have this next week seeing as it entered the mineralised zone at around 300m mark as they anticipated and drilling at around 80m a day. The longer it takes to leave the mineralised zone the better.

Get all 3 and you can start to estimate a resource given the grade is very consistent the entire 886m strike length, potentially longer at it is thought to be plunging.