The latest hole was 270m from the previous one but I wouldn't describe it as a step-out hole, it was 270m, but following the same NW trend as the orebody.
Seems to be that the first one has hit and this one is now moving up along the NW trend to check the continuity of the ovoid at depth.
I know reading through some of the posts last week that Bamps confused some people with his second ovoid measuring 800 x 500.
I've done a couple of graphics to try convey what he meant. I think it's pretty much self-explanatory but when you look at the extremities of the breccias on both the different images and then enclose them in a new oval - the dimensions are roughly 800m x 500m.
Of course this all needs to be proven with the drill bit but if the breccias at depth prove to be cemented as opposed to crackle and the dimensions prove anywhere near correct then watch out - especially as TimberTrader says we are still open at depth.
Time to enjoy the weekend weather - GLA Paddy
@Quepensa - I've measured from the previous drill position to where we saw the prepared pad on the last clear satellite image - it's roughly 270m so it's a pretty decent step-out.
They will probably use bigger step-outs now and just use wedge holes at depth as they have been doing on the main ore-body.
Here is a picture of the measurement - Paddy
Lots of progress over Havieron also looking at planet.com, there has been a lot of excavations around the box-cut area and also they seem to have started excavating the area where the evaporation ponds are going to be located.
More significantly they have started drilling on the second prepared pad to the NE of the sand-dune - I'm assuming this means the first one has been successful and warrants beginning on this newer step-out.
Exciting times - Paddy
@AM90 - That looks pretty convincing to me TBF mate. They are definitely on the ground up there - IMO they have been for a while since BR spotted that original blob. Fantastic news - just need to get the Scallywag campaign underway now and we will have a full set - just as the gold bull is about to gallop off into the distance.
Q1 of 2021 will soon be a distant memory - roll on next Wednesday week - Paddy
@Khrysos - nothing specific that I know of but from Zoros list you can clearly see how much is to come and remember the GH tweet from the 24th March.
"Expect to see a lot of news flow over the next month or so as exploration season commences in Western Australia, strong team in place to explore and capitalise on some great gold/copper targets"
GLA - Paddy
@greenmile - take a stab at what level of increase?? I think it will also not only be an increase but it should move the inferred ounces into the indicated category.
I think there will be plenty of other news in the next 2 weeks to keep everybody on their toes also.
GLA - Paddy
@jackthebear - the clue is in the fact that Shaun is now the CEO of GGP - if we were to continue down the purely exploration route then GH would more than likely still be at the helm. I know that this was 100% the plan when the original farm-in with NCM was agreed but Havieron has grown into something that made that original plan be rehashed over the last 12-14 months.
The company has moved onto the next level of planning for the future - the new CEO has told people in no uncertain terms on every possible occasion that he could but either people don't want to hear or are just not listening.
Roll on this time 2 weeks - the excitement for the NCM quarterlies will be building up nicely.
ATB - Paddy
I'm 100% sure that Shaun is not here to sell or negotiate the sale of the company. Any buyout would really need the backing of the GGP board and have them recommend it to the shareholders. If it weren't approved then I guess that NCM would have the option to go hostile but I can't see that happening and it could invite other parties to the table.
I've spoken to a few people who have had 1-2-1 access to Shaun in recent weeks and they are all in 100% agreement that he is fully committed to the public plan to build GGP into a multi-asset, multi-billion pound company. This is the opportunity of a lifetime for an ambitious CEO like Shaun to build a future legacy and personally I don't think he will be found wanting.
Of course there may be external forces outside of his control that mean it doesn't come to fruition, but I think he's savvy enough and been in the business long enough to be aware of the many challenges and pitfalls in the coming years.
I'll be cheering him on all the way - it's an opportunity for me and my family to secure our financial futures.
GLA - Paddy
Seriously people who gives a flying "you know what". Anyone in GGP who has a time horizon less than the PFS in September is going to be having kittens and sleepless nights over the coming weeks & months.
Just lay back, chill and let Shaun & Sandeep do their thing. Keep your eye on the big picture and the big prize. That PFS is going to be a thing of beauty to behold - everything else is just noise to try to unsettle you and make you cough up your part of that PFS.
Peace & goodwill to all - Paddy
I don't know if any of you have previously listened to this podcast interview that Willem Middelkoop from a couple of years back.
He mentions GGP a couple of times - talking about the initial Havieron discovery hole - he has some interesting thoughts about valuations and the possibility of where a junior could end up being valued if they hit the right discovery.
Havieron is a company-maker in it's own right - let's hope the 100% owned ground comes up trumps.
GLA - Paddy
Bullish call by Goldman on the price of copper in the coming years.
I think Havieron will be producing copper at just the right time - possibility that the AISC at Havieron/Telfer will be very, very low when the copper credits are taken into account.
ATB - Paddy
Yesterday's big blue day was very nice but there will be plenty of red days on the journey, just learn to embrace it all and you'll feel so much better.
Only 2 more weeks until the NCM quarterly, some nice hi-def pictures of the progress of the box cut and the infrastructure would be nice.
Great interview with Shaun Day in today's issue of Oz Mining.
My optimism has never dimmed one little bit LA - if anything the shenanigans and games of the last couple of months have made me doubly certain of what we have on our hands at both Havieron and the wider Paterson province. The results from Minyari have only gone to reinforce that province wide theory even more IMO.
Tomorrow fortnight we will get the next instalment of the Havieron growth drilling - looking forward to it immensely.
Interesting post on the AZY thread on Hotcopper by a guy called Onceover who is a lifelong Aussie exploration geologist.
The whole thread is a good read TBF.
He's comparing Minyari with Havieron and talking about how the cemented breccias would have formed. Also saying that sulphide breccias would probably show up on downhole surveys as IP anomalies - we know that NCM have said that they have identified additional targets within the 12 blocks of Havieron.
It's going to be a very interesting 6 - 12 months IMO, I for one am not missing out whenever that announcement is dropped by either NCM on an evening or GGP at 7am one morning.
GLA - Paddy