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

TON

9.09%

1.0¢ triton minerals ltd

Blinkered Delusion, page-166

First 166 Last

Share
Profile

Follow
retiredyoung

8,751 Posts.

782

06/08/14

08:58

Post #: 13775636
Share

Originally posted by mainholm ↑

Hello retiredyoung

In my post I am referring to drill results in the Target Drilling stage of exploration (Stage 2 of 4 stages). TON is doing target drilling now at Nicanda Hill. I didn't say it is illegal. I said it is not the "norm". It is a warning bell to me when I see explorers using cut off grades for target drilling. In my experience it normally signals that some spin merchant action is being used by management. Sometimes the stages can become blurred when things are being sped up unusually/abnormally quickly. If you are generous one might give the benefit of the doubt to TON, on the other hand ???? ....... bad news!

Conversely, it is the norm to have cut off grades for drilling in Stage 3 - Resource Evaluation. Drilling in this stage is evaluation drilling on tight patterns to prove up a resource. Evaluation drilling is commonly called 'Infill Drilling'.

You will notice that SYR was doing 'Infill Drilling' when they used the cut off grade. Perfectly normal. They did not use cut offs for reporting their target drilling results.

For those who don't know, the 4 stages of exploration are:

1. Planning/Analyse Stage (some call it the Prospecting Stage)
2. Target Drilling Stage
3. Resource Evaluation Stage
4. Economic Evaluation Stage

Each stage has many and varied objectives and processes to achieve before progressing to the next stage due to the high costs that will be incurred as exploration progresses.

Cheers

Expand

Hi mainholm

You are incorrect again. I have copied the assay results from RXL's & DRK's 'discovery stage' drilling below. From the ASX announcement: Assay Results Confirm Nickel Discovery and Greenfields copper-nickel discovery at Granmuren, Sweden

From RXL announcement:

From DRK announcement:

TON Price at posting: 38.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

What's causing the cost-of-living crisis, and how to navigate it

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk