Ive been looking at Giralia's recent Asia/US presentation on McPhee Creek
The 100Mt to 140Mt target is just the 'purple zone' which includes the initial resource of 52.1Mt.
However the 'green zone' of further potential is this big unknown.
If you look at hole #RCMC058 which is towards the northern section of this 'green zone' of 'further potential' they received results of 44m @ 55.4%Fe beginning from 6m in depth.
It will be interesting to see what result yield when they drill directly to the East of the more southern holes to see if this continues along the length of the range.
Probably is worth a clarification from Giralia themselves.
GIR Price at posting:
$2.07 Sentiment: LT Buy Disclosure: Held
