RE: Bit flabbergasted2 Aug 2019 10:47
Just reading that paragraph in the Sprott note again
"Our view: Havieron’s conspicuous likeness to the 27Moz Telfer deposit is a major geologic endorsement
and suggests the project has world-class potential. However, we note that the ~400m of post-mineral
cover at Havieron mean that an underground operation would be required. At Telfer, mineralization
outcropped and the mine began as an open pit, but it has been operating as a successful underground at
Telfer Deeps since 2006 (Figure 2), so this is not an issue if the ounces are there."
What if we have another Telfer on our hands but as they say under 400m of cover - in theory then the drill results we are getting now would be in the area where Telfer was open-pit mined so potentially we still have to drill down to the equivalent depths to check if there are deposits similar to the "Telfer Deeps" which they are mining out now.
From the Mindat website it states that "Mineralisation in the Main Dome extends to a depth of 1300 m, and 1500 m for the West Dome"
https://www.mindat.org/loc-25162.html
So we could in theory be looking at mineralisation down to anywhere between 1700 - 1900m IF the geology is similar.....
Disclaimer - I'm not a geologist - these are only my thoughts and musings and should not be taken as investment advice
GLA - Paddy