Encouragingly this drilling has confirmed continuity of mineralisation not only proximal to the existing JORC Mineral Resource but laterally along strike and at depth. These results are very encouraging, confirming continuity of the mineralised system in all directions and importantly underneath the existing higher-grade resource.
“The drill program which was designed to test depth and strike extensions to the known mineralisation at Reedy’s has surprised us in terms of the scale of the newly identified structures which appear to be increasing in size in and around the existing resource and extend laterally for several hundred metres to the north and south. Whilst the campaign was designed predominantly as an exploration program to expand our understanding of the Reedy’s shear zone and associated mineralisation, Hole 6 for example (79m @ 1g/t) is extraordinary as it demonstrates the system is growing and continuing at depth. We will now review this new information in detail and determine what next steps can be taken including deeper drilling formulate to optimize value for our shareholders.” Troy Whittaker – Managing Director
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