RE: Listen again to3 Mar 2021 16:00
from the 10th December RNS
Overview
· Initial work programme completed at Eclipse has increased confidence in the Project's potential to host a profitable small-scale high-grade open pit gold mine
· Further significant assay results received to date include:
o ECRC20_022: 14m @ 3.78 g/t gold ('Au') from 22m, including 1m @ 21.4 g/t Au, and 1m @ 16.65 g/t Au - This hole includes three different clusters of quartz veining mainly associated with the higher grades, confirming there is more than one mineralised structure
o ECRC20_027: 8m @ 2.27 g/t Au from 32m including 3m @ 5.27 g/t Au
o ECRC20_032: 5m @ 6.50 g/t Au from 26m, including 3m @ 9.29 g/t Au
o ECRC20_017: 3m @ 3.18 g/t Au from 49m including 1m @ 6.49 g/t Au
o ECRC20_026: 1m @ 6.93 g/t Au at surface, and 1m @ 4.50 g/t Au from 10m
o ECRC20_021: 14 m @ 1.70 g/t Au from 9m depth including 1m @ 7.76 g/t Au at 9m and 4m @ 2.37 g/t Au from 19m
Bloody hell WHAT DO YOU WANT.
7g/t at SURFACE. 7.76 g/t Au at 9m. 5m @ 6.50 g/t Au from 26m, including 3m @ 9.29 g/t Au
'The mineral resouce estimate itself is not a big job.' 'Within the next few weeks'.
Interpretation work was already underway as at 23rd February. Anything over 1g/t will be 'very profitable'
I guess some investors just want to GIVEN MONEY. Well the recent market dip has given you that chance. Free money available right here!
I now claim my 'Ramp Badge' but really, It's bonkers.
Assets open along strike and at depth for narrow but extended open pit. 60-80m deep and in discussion to book toll milling slots for a few moths hence. IN PRODUCTION
'At these sorts of grades very close to surface.... low strip ratio... anything beyond a gram is likely to be very attractive'
Sharing the scale and pit optimisation soon. Scale, costs, profitability.
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