The outcrops look to be exposed because of topograhy (cutting down in the valyes exposing pegmatites).
Brazil due to climate has a significant weathering profile, ergo outcrop are somewhat concealed (just go look at the 50+m wide pegmatite and the cover sitting on top of it in that garimperio photo they have released). The upshot here is if you find a pegmatite, there can easily be a few adjacent sub parallel ones that don’t outcrop that in totality make a pegmatite swarm/system etc ala LRS.
This situation vividly reminds me of BGS's 2016 Goulamina discovery (now LLL). Here's one of their announcements from 2016 showing the ~600m strike of outcrop. This beast ended up being 210mt @ 1.3% or thereabouts. The drilling on sections were are doing may reveal bonus adjacent pegmatites which is certainly not reflected in the price.
https://www.asx.com.au/asx/v2/statistics/announcements.do?by=asxCode&asxCode=bgs&timeframe=Y&year=2016
- Forums
- ASX - By Stock
- SLM
- SLM Megathread
SLM Megathread, page-354
-
-
- There are more pages in this discussion • 285 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SLM (ASX) to my watchlist
(20min delay)
|
|||||
Last
8.6¢ |
Change
-0.004(4.44%) |
Mkt cap ! $6.652M |
Open | High | Low | Value | Volume |
8.6¢ | 8.6¢ | 8.6¢ | $170 | 1.98K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 156500 | 8.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.1¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6500 | 0.085 |
1 | 30000 | 0.084 |
2 | 137000 | 0.082 |
1 | 20000 | 0.081 |
4 | 95200 | 0.080 |
Price($) | Vol. | No. |
---|---|---|
0.091 | 50000 | 1 |
0.100 | 134468 | 2 |
0.110 | 20433 | 2 |
0.120 | 50000 | 1 |
0.125 | 12889 | 2 |
Last trade - 15.56pm 08/11/2024 (20 minute delay) ? |
Featured News
SLM (ASX) Chart |
The Watchlist
EQN
EQUINOX RESOURCES LIMITED.
Zac Komur, MD & CEO
Zac Komur
MD & CEO
SPONSORED BY The Market Online