"DDH026 bottom of hole was 274m well below the last iron ore intercept at 108m. It is nice to see an overall intercept of 60m.
Previously Tony has mentioned the area in question for Isthmus is approximately 800m x 300m. With an ore SG of somewhere around 4 - 5 t/m3 PLV only needs to carry an average thickness of 15m to achieve their bottom end target of 15Mt of ore in this area. On these latest results one might consider this a very conservative target.
Eagerly awaiting other results to confirm the consistency of the thicknesses and grades."
Add to this the availability of lowering the DSO Fe content and the 15 m thickness could very easily be surpassed. Simplicity it appears that PLV have 1 Mt for every 1 m thickness.
Also earlier indications were from Tony that we may see some results from the JTC testwork in January. Fingers crossed.
PLV Price at posting:
$1.01 Sentiment: Buy Disclosure: Held
