i'm happy to sit on this , so no rush for me it's not one of my short term/day trades, so happy to wait for the production divi's
hole 34 will be the key if the 3d magnetic survey is what i's supposed to be then it's another high grade porphyry centre
so far the magnetics have been true ,as hole 11+13 missed but after magnetic's came in , redrilled and hit bullseye adding 25-35% onto the current resource
Open ended intersections in Holes 26 and 26
-
D1
point to the
growing likelihood
of a robust
porphyry centre
at Alpala Northwest
, and we envisage major
growth in the Alpala system towards
northwest in the coming quarter.
Hole 34
(Rig 7 Alpala West) is underway, at a current depth of
337
m, intersecting volcaniclastic rocks,
towards a planned depth of 2000m, testing the Alpala West porphyry copper
-
gold target, defined by
surface mapping, 3D geochemical modelling and 3D MVI magnetic modelling
“It appears that holes 11 and 13 may have skirted the top southwest side of the deposit, underscoring the importance of the magnetic modelling,” SolGold’s chief executive Nick Mather said in the market update. “We now envisage a second large block cave target at Alpala Northwest.
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