I’d wait to draw conclusions until the assays are out. Below is what was put out in the Ann after the MinExCRC data dropped in April;
The recent high-resolution core photography further reveals the widespread nature of alteration, structural deformation, veining, haematite and sulphides in drill hole NDIBK04. The company notes several zones of increased visible copper sulphide mineralisation that occur over broad intervals of NDIBK04 that include:
• 244.29m – 251.95m: Down-hole interval of 7.66m with varying pyrite-chalcopyrite-pyrrhotite-arsenopyrite content occurring as disseminations and vein selvages that includes a 2.3m interval of 20% pyrite + 8% chalcopyrite + 2% pyrrhotite (by volume) from 249.65m depth (see core photo in Figure 1 and selected core tray photos in Figure 2).
• 329.34 – 363.40m: Down-hole interval of 34.06m with increased pyrite-pyrrhotite as vein selvages to pervasive in nature, with spotty occurrences of chalcopyrite and bornite as vein selvages and disseminations (see selected core tray photos in Figure 3).
• 411.80 – 416.30m (EOH): Down-hole interval of 4.39m (open ended) with quartz veining with increased pyrrhotite-chalcopyrite-bornite that includes the final 2.18m of the hole logged with 4% chalcopyrite, estimated by volume (see selected core tray photos in Figure 4).
For me there is atleast a 45m interval of interest as these estimates above exceed XRF measurements.
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- Ann: MD's Company Update - December 2021
Ann: MD's Company Update - December 2021, page-541
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