I initially thought the claim that La Paz is potentially the biggest resource in North America was optimistic.
But applying some crude maths their claim may be valid.
Only 525 of 5143 acres has been explored.
They have only drilled to 30m but will drill to 60m
Higher grades of mineralization have been identified outside of the 525 acres of drilled area.
In an earlier ann I believe they said the grades would be better at depth
If this is the case then 10 times the area by twice the depth is a factor of 20
But if the mineralized grades were to say double then the blue sky scenario would
be a factor of 20 * 2 = 40.
They may not have engaged in hyperbole at all.
I am an accountant not a geologist so I would welcome a comment from
a poster with geological training.
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- Ann: JORC Resource - La Paz Rare Earth Project in Arizona
Ann: JORC Resource - La Paz Rare Earth Project in Arizona, page-8
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