RE:RE:RE:stockbroker discussion if we were able to extract 100 g/t along that distance,wouldnt that be superb
Yes! That's very much what I'm hoping for - and it shouldn't take very much drilling to demonstrate that. They know where the strike is, shouldn't take too many core samples to estimate the average grade of that strike.
I guess management's dilemma is whether to blast more first and extract more ore, or whether to pause blasting whilst they do some drilling to establish the quality of this strike. High class problem to have!
I am waiting expectantly for the company to announce the results of the blast which they said they were doing after extracting the "bootleg" slab and hope that they will also announce that they will pause blasting to do some drilling after that, assming the blasting has created sufficient space to fit an explo. rig in.
For argument's sake, let's say the cross-section of the strike is 40m2 x 500m = 20,000m3 x density 4 = 80kt @ 100g/t = ~240koz of indicated resource for this one concentrated find cf 239koz inferred resource previously declared for the entire mine.
The real beauty is that after doing initial drilling along strike to establish the average grade, they've got two other dimensions to explore, just in this small part of the mine alone, which could rapidly expand that initial resource, by potentially increasing both the strike length and cross-section.
If all goes well, there could be a very exciting succession of NRs, which would drive the SP ever higher.
Cheers,
Mark