VMM 0.71% 70.5¢ viridis mining and minerals limited

Ann: Further Exceptional Discoveries Continue at Colossus, page-35

  1. 3,306 Posts.
    lightbulb Created with Sketch. 200
    Hello. I am not sure VMM highlighting the higher grades is relevant, when they said the average thickness of the four Fazenda diamond drill holes was around 14 metres at 2,979ppm. For example, today & previously VMM announced:

    • FZ-DDH-001: 40.0m @ 2,162ppm TREO incl. 17.0m @3,042ppm TREO from 7m.
    • FZ-DDH-002: 21.0m @ 2,132ppm TREO incl. 10.0m @2,760ppm TREO from 11m
    • FZ-DDH-004: 15.0m @ 3,559ppm TREO from 16m within broader section of 33.5m @ 2,509ppm TREO from surface

    Ultimately, I guess, the deposit must be mined from surface. Therefore, the average economic/commercial thickness of these four Fazenda diamond drill holes was around 26.5 metres @ 2,280ppm.
    Last edited by GKeden: 07/12/23
 
watchlist Created with Sketch. Add VMM (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.