SLR reported these numbers from 2010 at Lena. Strange that the resource was considerably higher than what is now reported. Different reporting standards or does this include BOD, Esh?? The Lena deposit is located in this shear zone and already has a resource of 820,000 tonnes at 8.5 g/t Au for 224,200 oz over a strike length of 600 metres. This deposit remains open to the north, south and at depth and is currently subject to a drilling program to the south.
Has MGV thrown anything at Levictus. SLR's 2010 results are from very shallow depths and look pretty exciting
Leviticus Prospect An initial diamond drilling programme was designed to follow up on historic drill holes at the “Leviticus” prospect located 2.2 km south of the Lena deposit along the Lena shear zone (refer to figure 1 for location plan). The Leviticus prospect is virtually unexplored with only three historic drill holes which intersected: 3.0 metres at 15.7 g/t Au from 11 metres; 9.0 metres at 3.6 g/t Au from 33 metres; and 3.0 metres at 5.9 g/t Au from 125 metres. These intersections were recently followed up with two diamond drill holes resulting in hole 09MODD009 intersecting: 4.8 metres at 26.1 g/t Au from 58 metres; and 3.5 metres at 16.4 g/t Au from 65 metres (refer to table 1 and figure 2). The next phase of step out drilling in this area will be on 50 metre centres north and south of the Leviticus prospect. “The Lena shear zone already hosts a large, high grade deposit at Lena. These latest results highlight the potential for the similar deposits to be discovered along the 35 km long shear zone.” said Silver Lake’s Managing Director Les Davis.
MGV Price at posting:
7.9¢ Sentiment: Buy Disclosure: Held