Thanks Esh, The Mngt is on the conservative side of the ledger...

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gungadin

2,055 Posts.

13/10/17

11:23

Post #: 27879762
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Originally posted by eshmun ↑

"Final diamond hole RHD09 targeting the 161 Lode on Section 6641260N has intersected approximately 30m of alteration and disseminated sulphide zones from 256m downhole. This is in the expected target position and approximately 80m below strong gold intercepts in RHD04 on the same section"

If they manage similar results to RHD04 in RHD09 that drill section when plotted up will start looking pretty damn sexy.

I'm not that familiar with the management here but to mark this announcement as market sensitive must mean they regard what they've observed in hole RHD09 as potentially material.

I also like the fact that the rigs will be back fast if the holes come good. Just a waiting came now for the dd core to be split and assayed. In the meantime we have the results coming from up dip on these holes where they think there might be parallel mineralisation that was intersected in the RC pre-collars.

In summary, the Company is highly encouraged by the zones of sulphide and alteration observed in this campaign. Assay results are now required to plan next work on 161 Lode plunge and strike positions. Positive results will lead to immediate re-start of drilling.

It also looks like they maybe getting encourage to revisit other prospects with the drill.

"A number of >2g/t Au intercepts have been returned elsewhere in the Bombora prospect area and the potential for delineation of additional high-grade lodes similar to 161 Lode is considered high."

Esh

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Thanks Esh,

The Mngt is on the conservative side of the ledger sheet. Interesting sensitivity indeed on Ann.

regards, Gunga

AOP Price at posting: 17.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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Thanks Esh, The Mngt is on the conservative side of the ledger...

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