Ann: Drilling intersects visible copper and gold mineralisation, page-57

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20/07/18

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Post #: 34485474
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Originally posted by eshmun ↑

Yes the copper minerals have high copper abundances (bornite 63.31% Cu, Chalocite 79.85%, Covellite 66.46% Cu, Native Copper ~%100 etc) but look at the range of the volumetric percentage estimates for those minerals in those drill intervals, 0.2 to 12%, 0.05 to 1%, and 0.05 to 3.5%.

Also native copper might sound good but when it's mixed up with sulphides in fresh ore it becomes a nuisance to separate. The native copper will probably lift the copper grade of the first 30m interval but I don't think you can easily base a resource and a mine on it. Remember CDU.

Going by the description I wouldn't expect eye popping copper grades and any Cu grades they do get from that 30m interval have to be view in the context of the complications that come with the native copper.

The gold does look interesting and no one can tell what might be thrown up out of those assays so I'll be keeping careful watch just in case.

The strike extent of Zackly also looks impressive but the 41,000t of inferred Cu and 213koz of gold isn't exactly screaming monster Cu-Au deposit yet.

Having porphyry targets is good but if they are based on the magnetics alone I just wonder how strong the targets are? You've only got to look at the amount of deep diamond drilling SVY have done to know these aren't easy targets. SVY claim to have all the indicators but despite all the bravado and all the drilling they have yet to hit the core of the system they have found. Any day now according to the company promoters over there and the HC faithful, so keep watch but don't fall asleep waiting. It's a long and expense road when it comes to finding these types of deposits. Esh

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Copper metal. 2 words....Gravity Separation.... same as the gold. Size - try near 2km x 5m thickness x 300m vertical.... the resource just grew. Grade - worst case assume the existing. Best case - wait Wait for the new assays. Winter- every mine in Alaska is 24/7/12.

PXX Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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