RE:RE:Initial observationsHey Goldhunger11,
My guess is the average drill hole was around 350 - 400m in length, but I believe the vertical depth from the surface is likely not too much more than, say, 200m (on average), if the illustration on pg 12 of the Corp Presentation is anything close to reality. For example, DH OAX-16-068 goes across for about 250m (crosses well past the plug). I don`t think you can go across for about 250m and go down vertically for too much more than, say, 200m when the drill hole length is only about 350 - 400m.
I think this first round of drilling at Triangle was more broad-based testing, primarily to confirm the existence of the key geologic features (plugs, veins and shear zones - similar to Integra`s Triangle Plug), and to map out the horizontal extent of these structures in Alexandria`s general Triangle area.
I think they will angle the drills much more steeply in the next round of drilling, That same drill length of 350 - 400m can probably get us something like 300 - 350m vertical depth in the next round, instead of my estimated 200m (or so) in the first round. Similarly, if they do a 600m hole then they could probably get to 500 - 550m vertical depth, if they want to place the emphasis on aggressive vertical testing. The veins likely downplunge to the south/southwest. They could move the drill rig back slightly before drilling vertically (steepy).
It looks like the CEO is still very excited with the early results and future exploration potential.
´´Eric Owens, President and CEO, said: ´We are excited with these highly encouraging results from a very early stage exploration program, and they will guide us in our planning for the follow-up drill program. The follow-up campaign will include deeper targets on the new plugs, as well as untested geophysical targets.´´´
I think the very good success of the geophysical anomalies (as pathfinders) in finding the Triangle plugs (2 or 3) bodes well for when we drill the 2 Triangle prophyry targets (also identified via geophysical readings). Quite often property wide airborne geophysical anomalies are done down to 200m, but can be done deeper (especially for more specific, smaller, targets - can probably go down to 600m or more, I think). If ours were done down to 200m also then it means the geo surveys identified the anomalies within 200m of the surface. Our anomalies turned out to be diorite intrusive plugs (as confirmed by our drill results).