posted on
Feb 18, 2014 10:30AM
Solid foundations. New horizons.
Message: Wow!!
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This was unexpected for me. I had thought they had drill off the pit constrained resources and didn't expect to see anything from the area. Sounds like they projected up plunge from the intial HGZ 1200 SE intercept and are filling in the gaps they missed on that projection.
Defining the HGZ back through the constrained pit projection will give a moderate boost to the contained ounces in the pit but a significant boost to the project economics when the PEA is done. Todays intercepts show that the HGZ extends NW from the initial projection and that the HGZ up plunge projection is well within open pit mining parameters.
The analysts are going to have to do a bit of positive tweaking after today.
.... Been There
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