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18 April 2025 · The Restful Sleep Investor

How to read a drill result

How to read a drill result\n\nAn intercept has three parts: grade, width and depth. A press release usually leads with one of them.\n\nGrade tells you value per tonne. Width tells you whether there is enough of it. Depth tells you what it costs to get at.\n\nRead the assay table, not the headline. Look for continuity between holes, and for the holes that were drilled and never mentioned again.