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3.8¢ vrx silica limited

Ann: Drill Results from Black Dragon, page-21

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Midnight26

7,486 Posts.

2021

17/09/15

15:44

Post #: 16011284
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Originally posted by HappyCats ↑

I guess to be fair to the results in the first 8 holes, they do all mostly intercept very shallow mineralisation, one impressively, with another set of ~0.5 g/t intercepts at 30 - 40m.

They've drilled all these holes to the NNW at 60 degrees dip. They state that drilling was dependent on interp and that the 33 holes come in from all directions. So we haven't actually seen whether they can quickly get a handle on it or not, as these first holes form the basis that future results were guided by.

So technically these initial results are perhaps a success, even if the tenor of the results is less than anticipated. Obviously though, the company needs pervasive evidence of mineable intersects to get rewarding share price traction.

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Too early to make a call with only 8 holes assayed. The rest of the drilling results will give us much more of a feel for what's there.

Complex gold mineralisation can be a struggle to figure out what's going on, even when you're mining a good high grade orebody. The rewards can be huge when it all comes together.

VRX Price at posting: 3.3¢ Sentiment: Buy Disclosure: Held
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