SMC strategic minerals corporation nl

Ann: Quarterly Cashflow Report , page-4

  1. 2,828 Posts.
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    I reckon they only need to drill another few hundred metres
    to make or break Big Vein as a company maker.
    e.g down dip from MBRC0013 targeting intersections at 100m and 150m, down dip from MBRC0009 targeting intersections at 100m and 150m.
    My reasoning is we have about 180m between those holes
    so if the grade extends to any depth we might have:
    180mx150mx7m ~= 189,000m3
    at, say Specific Gravity of 2.7
    ~= 510,000 tonnes
    Don't know what the average grade would be but if we take the two extremes of the measured grades 5g/t - 39g/t
    could be between 79,000 - 621,000 ounces in a very shallow and small area.
    Not sure why they didn't do the down dip holes in this run.
    Would have been far more valuable information for them.
 
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Currently unlisted public company.

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