1) IPT contract is for metallurgy and pilot plant testing. Assay methodology is not part of this contract. BBX state this.
2) No. Intersecting mafic intrusive in the holes just confirms the geology map given the holes are collared wholly within mapped mafic intrusive. As no mineralisation is mentioned, this in no way is evidence of the disseminated nature of the resource. There is no resource and the drill core could be barren. It in no way proves M26 correct, yet again.
3) No. Starting to log and sample drill core from a program that started in 2020 does not mean an assay methodology will be ready in February or March. The two processes are not directly linked. The assay methodology has taken 5 years so far.
4) No. The company has not stated that all new holes are mineralised. They simply contain mafic intrusive.
7) No. That just means BBX are paying IPT for a service. If I paid IPT to assay one of my samples, I could say I’m working side by side with IPT.
10) They are repeating the obvious. They included JORC Table 1’s in their last two announcements, which they are required to do since they announced exploration activities.
BBX Price at posting:
31.5¢ Sentiment: None Disclosure: Held
