GDA 1.67% 29.5¢ good drinks australia ltd

3m @ 167.26g/t au, page-80

  1. 21,227 Posts.
    makattack

    watso was basing his guess on 4 drill holes - two sets of drill holes, 85m apart - look at watso's Post #: 4639690, from what watso can see, there is a parallel reef there (look at watso's Post #: 4639495 - and the stuff on the left hand side is relevant to one reef).

    ok - watso could provide more information. if the information were available... maybe it is there, but watso has missed it right now . watso had a quick look, and the drilling from about 5 years ago, would have been done on a local grid (drilling these days is done on gps - or whatever they want to call it) - guess, that could be plotted up, and superimposed over the present grid - but watso had a quick look, and there has been subsequent drilling (prior to the present drilling), and watso could not find any coordinates for that drilling (maybe they are there somewhere) . in a way, this could be important to know, because the company mentioned that there had been no previous drilling in the area of holes 9 and 10 (watso cannot be bothered to check up on the exact wording) - but that could indicate that there has been drilling around holes 12 and 11 (which represent two drill holes, targeting a reef at different depths - directly below each other)

    from watso's knowledge of the area, the reefs are small, and variable. however without knowing the drill results of previous drilling around holes 12 and 11 - then it is a bit hard to speculate.

    from watso's quick look at the data, that he quickly assessed, then watso can see a reasonable tonnage which will grade 10 grams per tonne - which would be worthwhile transporting to the sbm mill to be toll treated - but that would be subject to instant review, if watso knew the coordinates of all of the drilling around holes 12 and 11.

    sadly the tonnage, does not justify the share price

    even though watso might mention 10 gms, and 10,000 oz - that really is pie in the sky stuff - and if there is a remote chance that it is true, then it would be even more incredible, if there was more of the same.





 
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