ESR 7.69% 1.2¢ estrella resources limited

Ann: Assays Received and Exploration Update, page-39

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  1. 1,099 Posts.
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    Not sure i have enough info to draw too much of a conclusion, however the style/texture of mineralisation appears to be the same, and the overall grade of the sulfide zones averages out to the same 1-1.5% Ni as in the upper T5 domain and the CB mine.

    Not enough geological description to determine whether the three mineralised domains in this hole are the same horizon but fault displaced.

    I like what they are doing here, drilling conceptual and geophysical targets and hitting sulfides. Technically it is good work. The ESR geologists aren't in control of how much nickel is located at the target positions!

    It is a difficult position to be in. Keep drilling with the hope of jagging something mine-worthy, or back-off and focus somewhere else in the CB system. Eventually the volume of rock at T5 will be adequately tested for a mineable deposit. By that time hopefully they have some success at the satellite prospects.
 
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