Quote:
Q1: At Drybread, where mining operations are currently underway, exploratory mapping and drilling is underway to target the zone between the current operations, and historical mining activity adjacent to the Dunstan Range.
In March 2013, GEGL completed an exploratory drilling program consisted of 46 RC holes totalling 472m. Assay results were completed on 18th April. The program returned mostly zeros and low grade results, apart from two holes, DRY-ARC-019 and DRY-ARC-041, which returned promising goldgrades over 4m and 6m respectively. These good grades correspond to a distinctive quartz-rich gravel, as observed in the chip trays. This gravel is more likely to be related to the early quaternary deposits of the historically mined Drybread diggings, as opposed to the more recent schistose gravels currently being mined at the Hecklers site.
A review of the data was completed, which determined that multiple drill holes surrounding the anomalous results did not penetrate this quartz-rich gravel. A second phase of drilling (85 holes) is currently underway to establish the depth, extent and gold content of the layer. It will take an estimated three weeks (from 10/5/13) to complete the drilling.
Below is a flyover view of Drybread, and I'd guess that the area is towards the top of the yellow permit space. I read up a bit on the source of all the alluvial gold, it's the result of glaciers acting on exposed quartz reefs over thousands of years, the quartz being hosted in schist rock generally. Down at Heckler's, the gold is redeposited from the original layer by water action I guess, and it is close to a lot of clay (weathered greywacke). Further up, it might be a bit cleaner, and a higher grade. In fact, the grades at Groundwater, Morans and Hecklers, increase as the areas get further elevated. Groundwater is the lowest grade, Hecklers the highest so far.