RE: POTENTIAL HIDDEN INSIGHTS WITHIN SLIDE 15……12 Oct 2022 13:00
My thoughts focus mainly on latest “in progress” drill holes PEP 7, 8 and 9.
When you read the 6th Sept RNS it states that PEP3 was positioned after an awareness of the PEP1 good result status and was based on a presumed northeast extension of the primary structures identified in PEP1. However the PEP3 results make it likely that they should have drilled it more towards the northwest direction.
So the PEP9 hole looks to be testing for this hypothesis. What is surprising about PEP9 is just how far over to the west they have placed the collar. This hole I estimate (via scaling) is circa 500 meters long and so it’s interesting how they placed this drilling and I look forward to its results.
For PEP7 they have used the same collar as was used for the successful PEP1 (along with unsuccessful PEP2 and likely unsuccessful PEP5). So to me PEP7 was likely decided as a time filler hole whilst they were planning where to move the rig and prepare new collars. Having failed with PEP2 that was going westward. I suspect that PEP5 had attempted to go northwest (but not possible to know for sure from the picture) and this also failed with short meterage. So they were left with only due eastward as an unchecked direction from this collar and hence PEP7 headed in that direction. The thing about PEP7 that intrigues me is how far they drilled eastward. This hole i estimate is circa 450 meters long so why go so far over to the east when the suspected mineralised zone is trending northwest?
Now saving the best until last, the real potential eye opener is relating to PEP8.
PEP8 looks to be the 1st hole aimed at testing the PEP1 finding via a new collar/rig position. It’s been positioned to the west side which makes sense based on what the RNS said, but the really intriguing aspect is how far east the drill hole goes. Where you see the PEP1 and PEP8 lines cross on the picture is roughly where PEP1 was ending its 150 meters of mineralisation (via scaling and using slide 16). This corresponds to PEP8 at a drill length of only circa 350 meters. So why did they keep drilling PEP8 for another circa 350 meters eastwards to reach an overall length of circa 700 meters which is the longest drill hole by some distance. Furthermore you will notice how PEP8 end of hole is close to the PEP7 end of hole. So was PEP8 pushed that far east because of something they had found in PEP7……?
So in conclusion very intrigued in particular by the east side PEP7 and 8 at their end of holes region. Have they found something important in that area……
Look forward to seeing reactions to my thoughts from others on the board.
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