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35.5¢ musgrave minerals limited

Ann: Diamond Drilling Confirms Significant Gold Discovery, page-24

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05/12/18

12:48

Post #: 36757889
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Originally posted by eshmun: ↑

Just having a better look at the announcement now.

I wouldn’t get hung up on the “low” grade at this stage.

I think the next step out hole when they plan it should give more clarity.

They are saying the high grade zones dip steeply to the east so I think at this stage we should focus on the strike extensions, internal continuity (some assays still due here) and the step out holes (ie do the high grade zones have depth extent below the current intersection??.

The good thing is that the 45m at 3.3g/t starts at 70m down hole or about 67m vertical depth which is mineable by open pit IMO.

Just wrote this post from the 36th floor of Shangri La Sydney with some drinks so I’ve still got to take the time to have a good look at the announcement. It all seems very promising to me. Probably as good as we could have hoped for before the drilling started. Esh
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well said @eshmun it is depth and strike extent that will ultimately decide the success of this project. i'm calling cautious optimism of the depth though given that nothing below ~100m has any real grade or thickness - still searching for the sweet spot?

MGV Price at posting: 9.9¢ Sentiment: Hold Disclosure: Not Held
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0 Great analysis

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