Thanks @cabmerlo
Your link didn't work for me but I went to the original source and got it.
I like the sound of what QH was saying and he did sound more confident.
Also the suggestion of the top layer they found at CW being a possible continuation of the one sampled at Purdey's. If that's the case then more riches may be laying under Purdey's.
I have read the quarterly and I am re reading it. The content to me, suggests their determination and resulting action is a credit to them.
Imo, they are really getting on with it.
From the high grade hits in the 1m re splits from previous drilling and not part of the current resource.
Dipping lode - 14m @ 3.96g/t Au, 4m @ 6.46g/t Au
I am expecting a flow of drill results to be ann over the next months beginning any time now.
Also expecting to see a nice upgrade to resource and grade as I have previously said.
I also believe this structural fault could be a monster in the making, ( a 200 klm one at that ).
"The infill RC drilling is designed to convert inferred resources within these shells to the level of Indicated (JORC 2012) to allow for later conversion to reserves as part of the in-progress Pilbara Gold Project Pre-Feasibility Study (“PGP-PFS”) which the Company is targeting conclusion by year’s end.
Following the Mt. Berghaus drilling, similar infill drilling for resource upgrades will be undertaken at the Amanda, Hester, Mallina and Toweranna deposits. Additional diamond pre-collars are also to be undertaken in preparation for the commencement of diamond drilling in early May 2018. Final drilling results will be progressively released with initial assay results from Mt Berghaus nearing completion. Upon completion of this phase of drilling, all associated resource models will be updated in preparation for open pit optimisations for evaluation in the PGP- PFS."
Nice bargain they got with the camp and talk of upgrading.
"This new 48 room Wingina Camp (Figure 6) together with the existing 20 room Indee “Project” Camp, which can be easily upgraded to at least 60 rooms and is located in the western half of the project area near the proposed processing plant location, provides numerous infrastructure options for future development, construction and mining purposes."
Blue moon is still being considered for further testing.
"Whilst the initial drilling campaign did not intersect the gold nugget source, the Company remains confident the source is reasonably close and is most likely covered by a thin veneer (1-5m) of windblown sands. A detailed aeromagnetic survey is planned to be completed over the Blue Moon, Vanmaris and Farno McMahon JV areas in the June quarter. The data will be integrated into the company’s existing database and assist re-interpretation for regional scale architecture and specific target definition purposes."
I am also starting to wonder now, just how large King Col may prove.
My biggest interest to date has been the gold but this could be a very nice add on to the current value potential, ( also the Cesium ).
Our Conglomerate gold is about to commence within the month of May with bulk sampling preparation work underway.
CONGLOMERATE GOLD
Heritage Surveys at Loudens, Jarret Well and Steel Well (completed at date of this report, awaiting final report)
Initiate earthworks to provide improve outcrop exposure with a priority at Loudens
Construction of a crushing facility and gravity table at site to enable rapid assessment of bulk sampling material
Bulk sampling at Loudens Patch
The current drilling and drilling in the June Q is exiting and I am looking forward to updates.
Targeting high grade and further proof of the potential size of the Structural resource right down to the more positive out look for underground down the track.
"The Company has commenced a new RC drilling program, initially at the Mt. Berghaus and seeking to infill and upgrade various resources that fall within pit shells defined within the August 2017 scoping study (ASX Release 16 March 2018).
The infill RC drilling is designed to convert inferred resources within these shells to the level of Indicated (JORC 2012) to allow for later conversion to reserves as part of the in-progress Pilbara Gold Project Pre-Feasibility Study (“PGP-PFS”) which the Company is targeting conclusion by year’s end.
Following the Mt. Berghaus drilling, similar infill drilling for resource upgrades will be undertaken at the Amanda, Hester, Mallina and Toweranna deposits. Additional diamond pre-collars are also to be undertaken in preparation for the commencement of diamond drilling in early May 2018. Final drilling results will be progressively released with initial assay results from Mt Berghaus nearing completion. Upon completion of this phase of drilling, all associated resource models will be updated in preparation for open pit optimisations for evaluation in the PGP- PFS."
Here is one of the reasons they have been focusing on Toweranna.
"Toweranna is growing in dimension with the new drilling now defining high grade lodes to a vertical depth of 110m, which is also supported by historic drilling intersecting high grade mineralisation to a maximum vertical depth of 310m. Deeper diamond drilling will look to better define this deeper potential."
I think the update on the stream beds is worth another read and could prove to be the lowest cost of all.
I am also very positive on the grade that may be proved coming up.
They have panned parts of this and have put pics in the report.
Visible gold is a suggestion of how many grams per tonne?
My guess would be 15 minimum in those areas.
Now we need to know how big they are and if they may be richer than that.
Time is ticking and the wait is almost coming to an end.
I will probably post a little less until we get some real news.
Kind regards, Wack.
DEG Price at posting:
17.5¢ Sentiment: Hold Disclosure: Held
(20min delay)