InvestorsHub Logo
Followers 0
Posts 187
Boards Moderated 0
Alias Born 03/05/2011

Re: steven820 post# 2510

Wednesday, 10/05/2011 4:18:41 PM

Wednesday, October 05, 2011 4:18:41 PM

Post# of 12573
Yes, that is basically how wedges are drilled. We are drilling in 50 meter spacing increments to define this zone. To drill a 700m deep hole costs around $250k so it would be very spendy to pepper the ground with 700m holes. So instead, you go down to the chosen depth and wedge off. If I recall, we've done 4 or sometimes 5 wedges in at least some holes. So, for example, in a 700m hole at 500m you send out the wedges at an angle so that the wedge hole ends up 50 meters away and the wedge hole itself is about 200m long(total 700m with the original 500m plus 200m). As you can see this preserves the 50m spacing which will be used to calculate the resource as well as giving you the extra 700m holes at (about) a 200m price.

Hope this helps.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.