Re: ORD - Ord River Resources
Sorry if this is posted in the wrong spot, but in reply to Havingfun:
Like everyone else I'm playing catchup with CDU. It has certainly registered on the radar though. Had a quick chat to a few colleagues with a few reports in my hot little hands. Concensus is (without being too technical) is that it sounds bloody good. While the widths quoted are 'downhole' and not true widths, they'd have to have some reasonable understanding of what they're dealing from the way their drillhole program is evolving (which has been pretty sensible so far: RAB bedrock exploratory drilling, followed by RC, and now the real test, several deeper diamond cores). What I'm getting at is they are probably not 'directors specials', hole drilled straight down or at a shallow angle to a mineralised zone. From the results so far I can see why they may have gotten a little 'over excited' in the promo dpt & resultant SP frenzy (don't blame the geos for this one, they'd be under a hell of a lot of pressure!). Of course there still remains a lot of drilling to be done to prove it up ('best way to sink a prospect is to drill it'...). Blowing away the froth, it' shaping up to be a prospect of considerable lenght with wide shallow zones (continuous?) of low-to-reasonable grade, the kind of thing that might be amenable to low cost bulk mining. Be interesting to see how deep this system goes. As for the SAM survey, it's applicable to sulphide mineralisation and while it may not be needed for a JORC estimate, the survey will probably be great for delineating the overall extent of mineralisation and should only take a few weeks to complete (with a few days tacked on the end for processing etc).
While I don't hold CDU yet, I may very well in the not too distant future! What ever the case, I'll keep an ear out & post anything interesting under the CDU thread.
Good luck.