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

AVQ

Click for more information

0.00%

2.5¢ axiom mining limited

Ann: Isabel Nickel Project - San Jorge drilling update, page-6

First 6 Last

Share
Profile

Follow
indocopper

375 Posts.

15/12/16

11:35

Post #: 21357815
Share

Originally posted by jazzmox ↑

bad to very bad.

Ignore the headline numbers, they will always give the best drill result from all the holes. Check table 1. 7 holes had no saprolite above the cut-off. 4 holes misses the cut-off completely. Once again holes were drilled vertically. No width to speak off.

SJ appears not viable.

The rampers will focus on the grade but the saprolite grades are nothing special. Same as any other nickel laterite deposit.
One simply has to check wikipedia

"Silicate type (or saprolite type) nickel ore formed beneath the limonite zone. It contains generally 1.5-2.5% nickel"
https://en.wikipedia.org/wiki/Lateritic_nickel_ore_deposits

But SJ is patchy, too many results below cut-off. The tonnage is not there.

Expand

Pretty much spot on. More like a hydromet feed than a dso.

AVQ Price at posting: 18.5¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

MKT

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

FCG

Freedom Care Group reveals NDIS wants to ban it providing program services

RBA holds rates as ALP election campaigning kicks off – expect more political focus

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

BNZ

BENZ Mining jumps +17% as it snatches up WA gold projects from Spartan Res

There are more pages in this discussion • 121 more messages in this thread...

First 6 Last

Add AVQ (ASX) to my watchlist