FML 2.70% 18.0¢ focus minerals ltd

Bobminer, The guys in the 1890's digging their shafts around...

  1. 12,259 Posts.
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    Bobminer,

    The guys in the 1890's digging their shafts around Coolgardie wouldn't have imagined technologies that allow you to steer a drill head don a hole. The record currently set with directional drilling in the oil game is well over 10 km away from the surface location at a true vertical depth (TVD) of 1,600–2,600 m.

    Now if you've grown up in the goldfields you'll know how the game has changed. In the 80's and early 90's you had a lot of RAB drillers poking holes all over the place to find the open pitable ore, sure hundreds of holes but many very shallow. Much of the ground in the Eastern goldfields hasn't been drilled to depths below which a hammer drill is needed.

    You may not be impressed with what this company is doing but I'm keeping a very open mind. The discovery/intersection announced at Karridale in April at 425m from their first diamond hole is impressive to me. Also note this statement from the announcement.

    "The new breccia zone appears unconstrained within the current drill pattern shape and there are indications that it may be a large structural system."

    I'm going to take a wait and see attitude before I right this mob off. Your engineers would have looked at their mines, not their exploration potential. This is an exploration company now Bob.

    Eshmun
 
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