MRD 0.00% 0.1¢ mount ridley mines limited

Hi Ace I’d say it’s simply a matter of the first drill they took...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 407 Posts.
    lightbulb Created with Sketch. 36
    Hi Ace

    I’d say it’s simply a matter of the first drill they took hasn’t got enough grunt to get to the bottom of the deep cover with all the issues of the sand and clay blocking the rods as it goes down. Drilling the first holes into this area, where it sounds like the drilling (not much) that has been done previously hit basement at shallower depths than what they’re getting here. Bigger drill with a bit more grunt will probably solve that issue.

    As to the rest? Well, who knows. Pyrite is neither here no there - could have gold, could be barren. Assays will tell, as Ash says in the release. More drilling needed and assays are king.
 
watchlist Created with Sketch. Add MRD (ASX) to my watchlist
(20min delay)
Last
0.1¢
Change
0.000(0.00%)
Mkt cap ! $7.784M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0
MRD (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.