Sets of great drill results are one thing and JORC reserves are another.
Also JORC calcs are very complex I believe, so I would not even have a stab as am no geo...
however...
The ore zone ARVD-146 (31m @1.4%Cu) location projected to the surface(last announcement) coincides perfectly with the plan view of the tail-off down to depth of that westerly EM target!
The clear implication is that the EM anomaly itself is a big untested deposit, and potentially shallow too.
Examine two of the three target EM anomalies..
For illustration purposes, pick a depth of 200m @1% average and you get
1. 250m x 250m x 200m = 37Mt 2. 125m x 125m x 200m = 18Mt
for a total of possible 55Mt at 1% .. if, then just two (of three) EM targets alone come good, there is your $300m company
... but much drilling is needed to get it into any jorc of course.
That is, by way of illustration for perspective... ! good fun.
So does AVB explore OR do some nice E-W infilling around good old ARVD-080 to pull up some more 50% material!!
for jorc purposes only of course :)
A verbal report in the impending announcement, complete with photos of what has been found in that EM target to the west of ARVD-146 would be brilliant nevertheless.
The MC now just covers cash in hand and what will likely come fron Vale in 22 months. That is crazy! 7c ???
Bring on the next announcement.
AVB Price at posting:
7.3¢ Sentiment: LT Buy Disclosure: Held
