PEPAS grades6 Jan 2025 19:35
There has been much discussion about the grades at Pepas. I thought i'd post this from the 23rd December RNS.
"""The Company began drilling at the Pepas prospect in mid-November 2024, just prior to completion of the MMA purchase transaction. Drilling commenced with hole PEP012, which was positioned """to confirm previous high-grade results in hole PEP001, PEP005 and PEP007"""", drilled by MMA in 2022.
PEP001 - 150m @ 3g/t Au
PEP005 - 35m @ 2.12 g/t Au
PEP007 - 80m @ 3.05 g/t Au.
PEP015 followed, moving further away from the artisanal tunnels, but still managed 40m @ 3.75g/t Au. Not too shabby when you consider that 2.12 g/t AU is considered high enough to be mentioned in an RNS.
To me, it looks like PEP016 is going to drilled straight through, or underneath, PEP001 and 007. Because of the collaring being some 80m further away from PEP001. I still expect some decent metreage along with grades. But as we move further away from the higher grade areas, this appears to be diminishing.
Just thought i'd have my say for the day. And i could be completely wrong.
Drilling commenced with hole PEP012, which was positioned to confirm previous high-grade results in hole PEP001, PEP005 and PEP007, drilled by MMA in 2022.