AVB avanco resources limited

Ann: Exceptional Early Results From Reserve Drill, page-69

  1. 10,609 Posts.
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    re: Ann: Exceptional Early Results From Reser... Geologists on the ground had access to XRF metering (states as much in the JORC fine print) Keep in mind that massive sulphides give a pretty accurate reading on the XRF meters...

    Looking at the illustration of the past and current holes on page 7 of the release I find it interesting that the ore grade in the past holes was around the 3% mark. so I wonder why they put those reference holes in there? If this carries through to the new holes with their true widths of 45m and 26m of massive sulphides respectively, the economics just improved again...have to wait to find out of course but this is an exciting prospect. Maybe I'm thinking too much but given the traditional AVB reporting style...the clues are usually there.

    I agree with you Phil9...more significant than some realise. You only have to look at the pictures to see the increase in orebody definition. That has two consequences; firstly a significant lift in minable ore and secondly what was going to be over burden that AVB had to spend money on removing just became further cash in the bank.

    Thanks Santa :)
 
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