resource upgraded expected

  1. SCD
    3,438 Posts.
    PIL said, in an announcement made today that, 4 holes of a 6 hole program have been determine the upper limits of the Jaguar deposit, the down plunge extent and to infill specific locations aimed at upgrading the majority of the resource to the indicated category.

    Recent infill drilling increased the UPPER part of the resource by 23%. The current drill program could also result in an increase in tonnes in the LOWER part of the resource.

    TBD 241 intersected 3.95m of high grade massive sulphide - assays results are awaited.

    TBD 240 confirmed the upper limit of the deposit.

    TBD 242 intersected 1.16m of high grade sulphide - assays results are awaited.

    Also, further holes are to be drilled outside the boundaries of the current resource to determine the northern and southern extent.

    And further drilling willtest above the dyke where there is the potential to add further tonnes to the resource.

    Finally, an off hole EM conductor approx 125m south of Jaguar will also be targeted as part of the expanded drill program.
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