@Karlos360Sorry mate, have been a little busy.
I like the results , needless to say.
Step out at our largest pit is showing the goods with those multiple loads and increasing grades with depth.
Looks like the pit will be increased in size to accomodate that which can be stripped at decent rates to warrant the extension.
Underground is more easy directed with such high grade narrow zones.
If this were a time when the sentiment in gold was half decent, this would have moved nicely on these results.
Have a look around and the story seems to be consistent across the majority of gold explorers and other metal explorers also.
That upcoming funding is also really holding things back atm.
What is nice to note is that the Mallina Shear is providing the goods.
That provides higher grade deposits at close proximity to where the plant will be.
Withnell expansion along with Toweranna seem to be doing the heavy lifting.
Looking forward to further results out of both but Mt Berghaus must have something coming soon.
That Granite deposit at Toweranna could be better than most are thinking.
If the Tomra does what they require, then the concentration rates directly out of the Tomra could be similar to the results that Novo achieved recently.
Just in case that is not legible to everyone, from a head grade of 2.97g/t and then sorted, we achieve a concentration grade 792.4
266.8 times the head grade with a low cost sorting addition.
That is an enormous savings of waste going through a plant.
Now we get to the potential value of Toweranna deposit type.
Toweranna grade is 2.1-2.3g/t and historic mining is reported at 20g/t so their expectations could prove very conservative.
Is Toweranna the only Granite dome we have? What is at depth?
The best news we could get now is the funding issue but meantime, the additions to resource targets are proving to be within the expectations and promises they have made. The best part is that it is all proving to be closer to the proposed plant.
This may be a good time to enter or top up but until the sentiment changes, patience will be required.
Looking forward to, increase to resource, further drilling at all deposits along the Mallina Shear ( Indee ), Toweranna ore sorting evaluation, Novo update and resource estimate increases coming up next month and our own Conglomerate updates.
Keep in mind that if we have little in the way of Conglomerate updates, the news is not bad. It could mean that we can maximise on all the heavy lifting Novo do and we gat it all for free instead of duplicating costing us.
Kind regards, Wack.
(20min delay)
