Stk General, page-578

Lot of activity though probably winding/wound down for Xmas by now.
Time lapse (false colour) image of Horse Well to Great Western area on roughly a weekly basis for the last month - to 19/12 (cloud cover on latest available image).


Very fast which shows activity (and some artifacts from the nature of the imagery (at times))

Annotating a still from the time lapse to show varying levels of activity and "certainty" of interp (thinner less certain).


Ellipses: areas of possible/probable drill activity over last month.
Red dash main access tracks used.
Locations complex and rapidly evolving as drill data provides new info.

Area is well prepared, structurally and lithologically complex. Au endowment and alteration is 'interesting' to say the least.

Is there a 'code' to crack? Where, if anywhere, is/are the bigger ones.
Sorting out the supergene enrichment zones from the zones that go to depth WITH scale. There is some primary but will it be large enough?
Has previous work limited the chance for 'the bigger ones'? Large area with many historical examples (world wide) of deposits taking multiple drill phases to locate 'the bigger ones'.

A roller coaster week for the SP and punters alike.
My personal take was if Mawari was worth a nibble then despite the lack of real encouragement from the diamond drilling then doubling down at half the price was worth a punt. All the questions above weigh in combined with the poor stats for good exploration success in general. Hence a PUNT with a reasonable resource base at Horse Well and elsewhere to keep the SP 'honest' at around these levels with a lot of upside IF THEY CRACK THE CODE!