GGP Havieron Hole 6 & Beyond29 Nov 2018 05:58
On 1 Oct 2018, it was stated that drilling of Havieron Hole 6 had started. On Mon, 19 Nov 2018, the co released the assays results of Hole 5 which were "world class." Hole 5 was "collared 200m West of Hole 1 & angled at 70% towards grid east & projected to intersect mineralisation as seen at depth in Hole 1. Hole 5 End of Hole was 822m whilst Hole 1 EOH was 781m.
Hole 6 assay results are DUE any time around this time. Per the 1 Oct 2018 RNS, this current program of drilling is for UP TO 10 holes @6,000 metres. The 1st drill campaign at Havieron, Paterson, Western Australia completed 4 Holes of which Hole 1 was described as "Exceptional."
VIEWS
djryan777 at 04:13, Thur 29 Nov 2018
aandi at 03:34, Thur, 29 Nov 2018
Both proferred a view on the anticipated Hole 6.
My View:
The industry itself has reviewed the results from Greatland Gold thus far ie Hole 1 - 5 via "Rio Tinto, Greatland Gold have industry RETHINKING Australia copper gold GEOLOGY." - S & P Global Market Intelligence @SPGMI_Metals on 27 Nov 2018 on Twitter.
Havieron Hole 5 has received the most press articles from the Australian national major newspaper [The Australian] etc.
Greatland Gold gave CLUES [geological inspection of Hole 5 core] in their 1 Oct 2018 RNS as to the results of Hole 5. Indeed, it has turned out to fit with the geological inspection [history now].
So, what about Hole 6 & beyond re: results?
The expectations appear to be rather on the HIGH side pertaining to Hole 6 ie either the same as Hole 5 or half as good per this forum.
-Empirical evidence does not necessarily say so.
When one*s finances are involved, one tends to look at the bigger and longer picture. In the very short term, one can get caught up in the volatility that is norm of retail stocks. However, NOT everyone takes in the longer picture.
Whilst this time round, the CLUE is NOT obvious as in the Hole 5 guidance, nevertheless, on further reflection & deliberation, one can see that the GGP Geophysical Models RNS of 27 Nov 2018 [9.30am] does indicate but is rather more technical in terminology and more subtle. However, the Gervaise Heddle interview on BBR Media following this said RNS is more illuminating.
What is important is what the industry is expecting per the norms.Therein, lies the definitive of Havieron.
news
Thur, 29 Nov 2018 at 05:58
Tea time