What was this announcement really about? Just a nice little update for us shareholders or did the company feel obligated to inform the market
that they are actually encouraged by what they are seeing and positive assay results would obligate the update???????
From the release:
"Drilling so far confirms that we are within a major mineralised magmatic hydrothermal system. The intercepted phyllic
alteration zones (containing abundant sulphides) plus the mafic and porphyritic intermediate dikes (which also show
considerable sulphide disseminations) conceivably explains the large chargeability anomaly generated in the 2020 Deep IP
survey. However, drilling also confirms that we are only now approaching the intersection of the Deep IP chargeability
anomaly and the Juruena fault, a priority copper-gold porphyry target".
I'm excited for the week ahead-maybe at 940m now,-end of coming week 1000m+? The gold above has been deposited from somewhere. As I read it, there seems to be more alteration that expected, at this point. The fault could be closer or bigger?? Gold in the fault at this point would/could indicate nearly 1000m of mineralization??? GLTAH. Not investment advise.
Calcutta
- Forums
- ASX - By Stock
- MEI
- Ann: Porphyry Drilling Update, Juruena Project, Brazil (Updated)
Ann: Porphyry Drilling Update, Juruena Project, Brazil (Updated), page-14
Featured News
Add MEI (ASX) to my watchlist
(20min delay)
|
|||||
Last
20.0¢ |
Change
-0.010(4.76%) |
Mkt cap ! $398.0M |
Open | High | Low | Value | Volume |
21.0¢ | 21.0¢ | 19.0¢ | $1.896M | 9.387M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 1259358 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 210852 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 1259358 | 0.195 |
12 | 1091953 | 0.190 |
8 | 643315 | 0.185 |
12 | 428658 | 0.180 |
8 | 497141 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 210852 | 4 |
0.205 | 184353 | 5 |
0.210 | 176227 | 4 |
0.215 | 160000 | 2 |
0.220 | 309285 | 5 |
Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
|
|||||
Last
19.8¢ |
  |
Change
-0.010 ( 6.93 %) |
|||
Open | High | Low | Volume | ||
21.0¢ | 21.0¢ | 19.0¢ | 5369505 | ||
Last updated 15.59pm 14/05/2024 ? |
Featured News
MEI (ASX) Chart |