The construction and commissioning of the new Floatation Plant has diverted our attention , including the phase 2 drilling program , but that should change soon. Our Murchison is a premium asset that could be brought to resume production once cash flows from the Selinsing mine begins to fill our coffers.
Just below the NOA #1 pit we struck bonanza gold of 4m of 32grams .
This was open to the east , the south and at depth , and ended in mineralization .
Very cheap to access by an existing decline ramp from the pit bottom . And literally a stone throw from our Burnakurra mill .
Further , recent and historical drilling has shown that this rich basement lode under pit # 1 extends all the way from NOA pits 1 through 8 .
Average grades below pit #8 is in excess of 6 gms per ton which is very rich compared to 2.9 grams for nearby Big Bell
appear to be joined at depth and open to the north and south . Do they also have grades like NOA#1 at depth ?
We also discovered potentially new resources at the Junction and have yet to even scratch the surface at the other 16 shallow targets .
There is also a stockpile of decent grade ore near our Burnakura mill and enough high grade ore in the historic tailings dump a few kms away to get the mill going
Few other companies can only dream about these assets matched up with a fully operational mill.
Our 80 % partner ODY has made some truly amazing intersections at Tuckanarra and this current drill program should lead to a Feasability study.
We know that WestAim is drooling at these 4 tenements owned either 100% by us (2 ) and 20% of the other two with ODY.
We should get an update on our new drilling program when Q2 reports