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Ann: Additional High Grade Results - New Constitution Prospect, page-30

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  1. 2,308 Posts.
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    A point I made was that it is not 'early days'. One glance at the announcement and it is plain to see how many holes have already been drilled into the prospect.

    A long hard look at the company website and it is plain to see how long and how many drill programs they have been at this prospect.

    I am no geo either, but I do have the advantage of walking over the Norton mine, and can tell you that the prospect is a vein system, just as the company states. And that these veins are about 3-5m wide, as is shown in announcement, and as I saw at the open cut vein at Norton.

    What the company is not telling the market is that they need to find a very rich vein that averages around 10g/t across 3-5m for a depth to 50m (anything deeper is too high a waste ore ratio) with a length 100-200m. And that is to get just one small open cut deposit to service the multiple-deposit central mill.

    Nothing in any of the many drill programs announced so far by this company over the years has given the indication they will find even one such small, medium grade, open cut deposit that would be economic to mine.
 
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