Ann: Andover Continues to Grow with VC-23 Ni-Cu Mineralisation, page-27

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Basumal

700 Posts.

151

08/04/21

13:46

Post #: 52331147
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Originally posted by Blythefan: ↑

If VC07 shows what you get from "the primary source" then if I were AZS, I'd just give up on drilling VC23 down dip to the east and through the fault. Like, what are you arguing, that 1.5% Ni-Cu is substantially better than 1.25% Ni-Cu? That the remobilised sulphides are leading you toward....more of the same.

If I accepted your logic, I'd flog out now since AZS is just a leaky cash cow and has no actual, tangible upside from these sub-standard smeared-out squibs which are moving up from a deeper source of in-situ, depleted squibs.

The other factor the remember here, as AZS uses giant loops which will only detect big things with poor resolution at great depth (a recipe for cheap drilling it be not), the mechanics of sulphide remobilisation demands a conclusion that the copper and, to a lesser extent the nickel, have moved further from the hypothesised source massive sulphide than the pyrite and pyrrhotite. This is a form of mechanical fractionation within the shear which changes the Ni:Cu and Cu:Fe and Ni:Fe ratios of the sulphides. The further from the source the higher Cu and Ni.

So what's left behind will be relatively poorer in Cu and Ni, and higher in Fe and S, ie; it'll be a remnant rump of crappy pyrrhotite that will light up like a christmas tree at depth but won't neccessarily be highly attractive.

We'll see in 9-12 months.

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"The other factor the remember here, as AZS uses giant loops which will only detect big things with poor resolution at great depth"
Not true at all. The resolution of the survey will be decided by the spacing of the stations where you take a measurement, nothing to do with the loop size.

The other side of this argument is that the source is what they are drilling. The sulphides don't appear to have primary textures (i.e.appear remobilised) because the whole lot sits on a major shear, and everything has been squeezed around like toothpaste.

Bas.

AZS Price at posting: 38.0¢ Sentiment: Hold Disclosure: Not Held
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