Australia's largest stock trading and investment forum Australia's #1 stock forum

AZS

0.00%

$3.69 azure minerals limited

AZS Media related thread, page-297

First 297 Last

Share
Profile

Follow
ozbucheron

1,558 Posts.

339

29/08/23

08:53

Post #: 69603528
Share

Originally posted by Mr. Metorite: ↑

Well, I used 10m by 10m by 5m blocks. Inverse distance squared to a power of 3 for interpolation. Two search expansions using a search ellipse that is 30m by 20m by 2m. Long axis is horizontal with a bearing of N60°E, short axis vertical, and intermediate axis dipping northwest at -40 degrees. So, it is a stretch to project mineralisation between holes that are 100m apart when the hits are maybe just 15m long, so there are gaps between some holes with <0.5% Li₂O and I left those blocks out since I used a 0.5% cutoff. Sometimes there are holes with no mineralisation at all between holes that do have decent hits, and the interpolation takes that into account, and leaves a dead spot there. I only showed blocks that are >0.5% Li₂O. I suspect the models that other posters have put up are running numbers way far up and down the drill holes and too far between them. For example, it is very unlikely that a 15m interval can be stretched out horizontally for 100m with any degree of confidence. Also, intercepts should have hard vertical constraints. Ask the creators of other estimates for the specifics of their models and how they came up with such big numbers. The wireframe in the Canaccord piece with a link on the AZS that claims big numbers is of the entire pegamtite body, and that is given as a target, not a mineralised body. I suspect that exploration has moved on to T2 since the good stuff in T1 is way deep and does not extend very far between holes.

Expand

"inverse distance squared to a power of 3"?? Do you not mean inverse distance cubed or did you interpolate using ID^8?

long axis horizontal, short axis vertical, intermediate axis dipping at 40 degrees - I thought the axes had to be orthogonal.

30 x 20 x 2 - are you modelling grade control results or broadly-spaced drilling?

@eastwest101 - is my second point correct or has modelling moved on?

AZS Price at posting: $2.53 Sentiment: Hold Disclosure: Held
10 Upvote

0 Great analysis

Reply

Top Stories

BYH

Bryah gains $408K government rebate for work on copper target Narracoota

IVR

Investigator Resources hits 8m @ 1.06% copper on-site Stuart Shelf JV project acreage

AI stocks: What to expect in 2024-25

WC8

Leia pegmatite pulls up recoveries of 84% lithium for Wildcat in WA

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within