Hi Vendor,
I am not plugged in to that sort of data but I am sure that others here who are more hands on, and there are quite a few cluey people, would help I am sure.
To shift a DHEM Target deposit that was modelled at 420m (page 21) to being now at a depth of 260m and be on an uppermost basal contact (embayment?) that is potentially common, is quite revolutionary. Amazing.
The Investor Presentation was dated 18th May and Sarah came on board and started re-looking at things on 3rd June. Then Dr. Hill came on board with fresh eyes on 13th October to give the model his final stamp of approval. Not sure if any FLEM has been done on this first (or second) hole to further refine.
I take the first hole ORTL9 around 1,2,3 at face value. Forget assays... the hole is as they say...exploratory for literally DHEM pinpointing the known off-hole conductor. Is it more or less sitting in the same basal contact embayment as ROE114 etc??
If/when they confirm a find in 4,5,6 .. then a serious and accurate follow-on target drill can be done back at 1,2,3 using the info gained from ORTL9. And Bingo.
Neat strategy perhaps.
I would like to know HOW they have arrived at this new model. How can an interpretation move a target from 420m to 260m?? and an uppermost basal contact be modelled too?! Curiosity.
The target previously modelled at 1,2,3 is at 350m downhole (page 20).. ORTL9 at 260m. I wonder has that target deposit also shifted upwards by 150m or so!
So Vendor... sorry I cannot help you with dates, however with AGM on 26th November, by which time Hole 2 should have been reported visually if not assayed, plus the bonus outside chance Hole 3 which cannot be under-rated, being reported visually too... it might just be a very good Christmas.
Shares have risk and options greater Risk.
Can only wait and see what the Squadron of Aces can really do... glory or ignominy .. we shall see.
PP
Expand