Another day closer to some decent assays and a bit more info about where the drilling is. Correct me if I am wrong but is this what we know ?
The Melrose resource of ~340,000 oz is in three deposits all within 5km of each other. In order of decr size, Boundary, Bungarra and Stirling.
Now the first hole was stopped at 120m (not a deep hole) and the second stopped at 108m.
My impression reading the prospectus is that the resource is pretty shallow - so the intersections in these two new holes could be below most of the resource.
Exploration here could be shooting for a million oz resource.
Another day closer to some decent assays and a bit more info...
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