re: Ann: Diamond Drilling Identifies New Mine... Not bad. Not...

re: Ann: Diamond Drilling Identifies New Mine... Not bad. Not great. Hard work still.

The numbers are fine, and some of those widths are respectable. Grades are at depth, which should help with optimisation studies. The mineralisation is still hard to work, but gold in this area of Narracoota is like that. Best to bulk and hope the pit crews can do a better job of tying down mineralisation.

The Resource model should hopefully use IK.

Overall, the results still took a long time to come through. "Drilled in 2010". How long does it take to geotech a hole? When I was doing it for Golden Grove, I could do about a hole a day, with domain logging and Q sytem. I can give them a few months of grace if they did UCS studies (not mentioned in ASX), but come on, the lab they used has a 2-3 week turnaround, and has so for the last few months.

Note with SRI - Nifty Style of mineralisation, not VMS. Be careful of how you apply nearology to ALY with their VMS model.