well, what a dud report that was. the previous owners of the deposit, had done a heap of drilling on the prospect, and then dropped it. of course, things like gold price come into play etc etc. when gda drilled the prospect, they were lucky, and got a high grade intercept - but that did nothing to affect the overall prospectivity of the deposit. there was a lot of , previous drilling, north and south of the high grade intercept.
previously gda reported that the reef had a true width of about 4 metres - but now mention is made of a reef, which is between 1 and 4 metres (which should have been evident from previous drilling). the reef (or lode) is vertical, and being very narrow, then that would entail a high strip ratio - so zeus is probably a very marginal operation, even if they could treat the ore
in the back of watso's mind, the window of opportunity to treat ore at the sbm mill will close in the not too distant future. watso simply cannot see that gda will have ore, that can be heap leached. if gda have some profitable ore, then maybe they might be able to sell the deposit to sbm
in the past, watso has made a very rare comment on the sxg thread. sxg have some laterites that can be heap leached - but they also have ore at British hill, and battler (parkinson range - as distinct from the ore further north in the marda greenstone belt).
watso wonders what treatment options sxg have in mind with their ore at british hill, and battler (south and north of the gda tenements). do not be surprised that gda, do some deal with sxg, with a small treatment plant set up, centrally, on the gda tenements
an issue at 2c must be on the cards for gda
GDA Price at posting:
2.6¢ Sentiment: Sell Disclosure: Not Held