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Ann: Karonie RAB Drilling Results, page-26

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18/04/18

10:24

Post #: 32519566
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Originally posted by Shady Merv ↑

NST did the JV. B/S inherited it when it bought Plutonic and the related tenements. NST came in in early 2015. It would have done due diligence for sure, but it seems that no-one until recently assayed these cores for gold.

Why?

In all probability gold was not on the agenda. It was geotechnical drilling; drilling that was all about open pit wall design, not exploration for minerals.

I don't know when the geotech drilling was done, but before early 2015 is my guess.

This was also in the 26/3 report: The intercept confirms the presence of high grade, moderately east plunging ore shoots at the Hermes South/Wilgeena Prospect that remain open at depth (Figures 3 & 4). Mineralisation at the prospect shows excellent potential for further drilling to expand the area of gold mineralisation and add to the known resource.

It's got a serendipitous feel about it!

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Shady Merv,

It would appear that the the dose of Moviprep that ALY has received in the past week has done it a world of good.

MI

ALY Price at posting: 1.7¢ Sentiment: None Disclosure: Held
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