re: Ann: New VMS Base Metals Discovery at Pyr... Happy cat,
Your reply reiterates what I was eluding too. You tend to find all the negatives on a THX ann and I find all the positives.
THX did not say in their release the grades were economic but I suspect they released these early results to alert shareholders of positive future potential of find a commercial shoot.
If you read about VMS in the reports I previously posted you will find they are ZONED. ie the minerals are not consistance grade but the grades vary thoughout the VMS. THX now have to find the very rich shoots if they are there.
THX will not find any if the area is not a VMS. That I believe they were telling shareholders.
THEY REPORTED.
Thundelarra ground magnetics data outlines a very extensive magnetic anomaly at the Lightning Prospect
which is indicated by the drilling to be due to magnetic pyrrhotite within the sulphide mineralisation. As such
the magnetic anomaly outlines the area where sulphide mineralisation may be present.
As shown in the figure below, the magnetic anomaly extends for 2.4 kilometres and is untested by any past
exploration with bedrock obscured by transported cover. The extensive anomaly provides scope for multiple
lenses or shoots of economic mineralisation to be developed along its extent. END
In the above they reported the scope for multiple lenses etc. The early assays confirm the VMS.
Lets wait a see, I am very pleased with the early results and thank THX for telling me its a VMS with potential. I am hanging onto my shares.
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