Hardly news when all they've done is extend an existing hole. Why haven't they drilled a scissor hole? That should have been the second or third hole they drilled. You would think with all the outcrop and the workings around they could work out what the dip is.
"Directors special" no doubt about it. Drilling parallel to the dip gives an apparent width which has limited usefulness. The true width is a principle measure of the economic value defined by a drillhole of but drilling down-dip does demonstrate continuity of grade down-dip.
Data from drillholes defines grade and tonnes. The grades are good but without continuity of grade between holes there's no tonnes so no mine. I tried looking for a cross section of the other holes buy couldn't find it. Without any grade continuity along-strike there won't be a lot of tonnes here. It could be just a subvertical shoot with limited strike extent. The morphology of the outcrop (the bulge) suggests as much.
That hole can't be used for resource estimation because the greatest variation in grade is normally across the vein, so are their intentions to prove up a resource genuine?
