Member Info for PaddyGall

Just plotted the image of the new drilling onto my Google Earth master.

https://twitter.com/paddygall1/status/1270992792282595328?s=20

Look where the 220m step-out HAD066 sits in relation to the latest step-outs in the NW.

GLA - Paddy

Sorry Chippy - my bad. Still half asleep lying in bed on the phone.

You are correct - HAD066 is the 220m step out that shows extension of the sulphide zone.

Cheers Paddy

Morning Chippy

What they've said is this is 220m to the NW and the mineralisation is showing similar characteristics to the sulphide zone.

If proven the arms of the sulphide zone could be extending hopefully to complete that dome feature that we all hope is down there.

I'm not in the slightest bit surprised by the results but still struggling to comprehend the enormity of it all.

GLA Paddy

Don't get too carried away guys - I'm sure sicilian-kan will be on tomorrow or Friday to tell us all how bad these results really are.

ATB - Paddy

I find this bit interesting in the further work section of the JORC table.

"The results of drilling to date indicate the limits of mineralisation have been closed off to the north east, south west and south east, and remain open to the north west, and at depth. Drilling programs at Havieron are ongoing with nine drill rigs currently in operation."

Well, we know for definite that they have been drilling to the SW and SE of the known orebody - does this mean that they have found separate satellite deposits that aren't connected to the main deposit??

Absolutely amazing but dare I say it - no real surprise. Great to see HAD066 hitting up there but the line of 3 is further to the NW and they have JUST stepped out another 200m from those 3 in the last satellite image.

The system that keeps on giving. Gonna take it all in and try to get the 3D image updated.

Try to sleep after that - ATB Paddy

I'm happy - Paddy

Spy - as it's 90% certain that the MRE will only contain the high grade sulphide that is included in the infill drilling and not the breccia zone or any of the step-outs, I think we would all be over the moon with 7m oz.
If the MRE comes in at that level then the 'potential' is definitely there to see it grow to ????? - you can fill in the rest yourselves.

Don't forget the new kids on the block SVD - Scandivanadium. They have picked up some good looking ground halfway between Havieron & Telfer and are up from just under 1c to 2.3c in the last couple of weeks since they announced the acquisition.

GLA for today and results tonight hopefully - Paddy

JC - That aerial shot is well out of date. It doesn't show the access that they have made over the sand dune or any of the drilling to the south of there.
There also would be the 3 new holes up by the water-hole feature in the bottom left of the picture and a lot more activity in the SW area.

I'd love to see an updated aerial shot.

Hi Tig,
I'd love to make it but as a full-time (not yet retired) self-employed worker there is not a prayer of me getting there mid-week, so I'll have to politely decline. I am going to the AGM this year though come hell or high water so with a bit of luck I'll meet all you guys / gals down in the BIG SMOKE in December.

GLA - Paddy

Mickey - going from memory GH stated that the copper was worth about another 0.8 g/t Au equivalent in the HGZ.
But I think most people allow for this when doing their calcs - I know I do....

Exactly Welsh - what more do we need to see here.

The writing is on the wall, we're applying for a mining lease, it's happening folks - just be patient, sit on your hands and watch the fireworks as they happen.

The only thing open for interpretation is the size of this baby and as Sandeep said "we're going as fast as we can"

ATB - Paddy

Tom - the whole Havieron tenement includes both Havieron & Scallywag targets. If they wanted to apply for just the Havieron 'target' and not the whole tenement then they probably would need to split the tenement into Havieron & Scallywag separately and I'm sure there would be big time delays in doing that before they could then even apply.

This way they get the mining lease sorted asap and then the Scallywag part is transferred back to GGP 100% after it has been granted. It also has the benefit that Scallywag will have been permitted should they go on to ever mine there.

Win, win - Paddy

The exploration decline will only go to the top of the ore-body - so about 420 m. I have been told that the standard decline ratio is 7:1 so if it is a perfectly straight decline you are looking at about 3 km.

They will probably do the selective mining from there and work their way down the ore-body using a sort of corkscrew tunnelling system.

I would assume that this could then be used to develop the block cave infrastructure at the bottom of the ore-body for whenever they are ready to do this.

Have a look at this presentation from Oz Minerals for Carrapateena for the system that NCM might employ at Havieron.

https://www.ozminerals.com/uploads/media/191129_OZL_SAEMC_Mark_Irwin_-_Updated.pdf

ATB - Paddy

Just had a quick compare between today and last Thursday - no real difference to what I put up yesterday apart from the possible pad that Chartbuster referred to, due North from the horseshoe.

Loving the 200m step-out in the NW and the fact that south of the sand dune has become active again.

https://twitter.com/paddygall1/status/1270276770282049543?s=20

ATB - Paddy

Hannam & Partners estimated GGP share of the Capex to be US$33.9m

This would easily be covered by our 5% fair market value and if not GH has multiple options open to him to be able to finance this without crippling the company.

ATB - Paddy

No worries Trucky - as you say it's all already baked into the calculations as far as I'm concerned.

When we talk about no further dilution then both this and all the warrants bring us up to about 4.2B shares and that's the figure I've always used in my estimates.

ATB - Paddy

It's all on the main company webpage - hidden is plain sight :-))))

https://greatlandgold.com/company/

Contingent Liability
145,530,000 shares to be issued to Pacific Trends Resources Pty Ltd upon a “Decision to Mine” at Havieron (see RNS dated 26 September 2016)

ATB - Paddy

NCM will only hold the 40% in trust until the mining lease is granted. Once that happens the full 100% of the Havieron tenement that is not subject to the farm-in will be transferred back to GGP again.

It's so they can apply for a joint mining license without splitting the Havieron tenement which no doubt would involve a lot of red tape and take considerably longer.

It's like a bit of a legal dance IMO.

Will FOMO start to kick in today - Paddy