CDU 0.00% 23.5¢ cudeco limited

pre open news coming, page-65

  1. 2,206 Posts.
    Hi Jantimot,

    Until they drill the other shallow holes to the west behind DODH223 that mineralised zone is open along strike and depth.

    I had originally thought( incorrectly) DODH240 had been drilled to the west behind DODH223. Instead as you correctly pointed out it was 16m to the east and vertical!

    So I guess the next few shallow holes to the west are crucial.
    If they hit the same mineralised zone, they've confirmed its diping back in that general direction.
    Until they can confirm exactly which way this gold shoot is oriented the holes are going to be fairly closely spaced...15m- 20m apart?
    Then from page 3 of yesterdays annoucement;

    "Based on geological interpretation of these shallow holes, an expanded diamond drilling programme will target the strike, dip and plunge extensions of the potential principal source of high-grade gold and tellurium at Wilgar."

    When you say;

    "Lens and high grade vein chasing has been the downfall of many a goldie".
    Do you think such an extremely high grade zone of gold in tellurium should then be ignored?!

    It's way too early to say its a waste of time, and I don't believe any min exploration company in their right mind would ignore the zone discovered in DODH223.

    What if they drill back to the west and discover additional min zones (shoots) running 50m or 100m across and 100's of meters down? Fair enough if they had to drill km's below the surface before hitting the gold and tellurides, but if this zone is starting from 7m below the surface, its well worth chasing and highly unlikely its going to result in the companies downfall!?
    I agree its early days, but it all looks extremely positive so far.Fingers crossed to see what the next few holes hit! Anyway enjoy the weekend all, I'm off to the country for some fresh air. Cheers
 
watchlist Created with Sketch. Add CDU (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.