OTCPK:MEAOD - Post by User
Comment by
fruitvale3067on Nov 16, 2016 12:43pm
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Post# 25469329
RE:Fruit Drill Results ...
RE:Fruit Drill Results ...Bob, lets look at the good items first. Yes the grades are nice, and it's from Hewfran.This is the first drill results from Hewfran in ages. FInally, I especially like the detailed small map on where the exact location is. A definite plus for investors not experts in mining to understand whats going on underground. Much better.
Now for the other side of the coin. As with the other veins at Bachelor Lake it's high grade but very narrow. actual length is between 45 - 85%. so lets just call it and average of 60%. Which means dilution from surrounding lower grade material will be high. Now that we now exactly where this new drilling occured and looking at the new detail map it looks like it's a ways from any current mining and accessing it will add to costs (moving low grade material to get a ramp in there). According to the detailedmap It doesn't look like they can take it to a lift elevator for easy removal. You will need to construct access to get to it either from above or from same side as the Main vein. So yes the good news is they found more, but the real question is how costly is it going to be to drill it, analyse it, get to it, mine it, get it out, and process it. Not to mention add management salaries to it.