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Margaux Resources Ltd. CRMND



GREY:CRMND - Post by User

Comment by Andrew73on Jan 11, 2022 7:32am
534 Views
Post# 34302659

RE:drill results...my take

RE:drill results...my takeYou are forgetting that there are over 1 million ounces of gold from surface to 250 metres above this deeper intercept.  This is the deepest hole that the company has ever drilled at Taurus and they hit gold in the last 50 metres, proving for the first time that gold occurs at depth and that the deposit could be extended deeper after all the near-surface resources have been mined out.  Sure, if a company hit those grades with nothing to show closer to the surface then it would be expensive/uneconomic to get those ounces.  Totally different story if there are already resources at surface to where there would be no strip.

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