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Ann: Continuous Gold Mineralisation from Surface at Korbel, page-50

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brewhaha

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15/07/20

17:31

Post #: 45888892
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Originally posted by drifta: ↑

Can someone please explain this as i can't get my head around it...I think many cant including the market...

Now lets take first a hypothetical drill results from a fictitious company as an example to help get my point across say XYZ..

So XYZ releases a drill hole like this...10m @ 1g/t gold from 30metres..
So the drill core shows 10m of the drill core graded 1g/t gold from a depth of drilling at 30metres underground....easily understood...

Now NVA on this mornings announcement wrote....

"Initial holes KBDH-001, KBDH-002 (ASX: 22 June 2020) KBDH-003 and KBDH-004 further
demonstrate continuation of mineralization at over 200 metres below the existing 2.5Moz inferred
resource""

then they release grades like this from the TWO holes KBDH-003 and KBDH-004....i will highlight 2 from each hole for an example....

KBDH-003
241.28m @ 0.39 g/t gold from 4.69 metres
118.87m @ 0.42 g/t gold from 17.68 metres
6.10m @ 1.27 g/t gold from 130.45 metres **
21.34m @ 0.91 g/t gold from 224.94 metres **
6.10m @ 1.70 g/t gold from 224.94 metres **
o KBDH-004
130.45m @ 0.61 g/t gold from 6.4 metres
106.07m @ 0.66 g/t gold from 6.4 metres
9.14m @ 2.06 g/t gold from 106.38 metres **
3.05m @ 5.5 g/t gold from 109.42 metres **
516.61m @ 0.28 g/t gold from 1.24 metresMy question is...How do you get "241.28m @ 0.39 g/t gold from 4.69metres"and"516.61m @ 0.28 g/t gold from1.24 metres".Since KBDH-003 drilled to a depth of 224.94metres, , how do you get 241.28m @ 0.39 g/t gold from 4.69 metres, when the depth is only at 4.69m..and yet the results above for example KBDH-003 shows drilling this one hole went to a depth of 224.94metres..??
This to me just does not add up...since they are drilling to that depth (it is one drill hole core)...

Id like someone with experience to answer this..not the ramp brigade or those ready to attack my question..I want a proper answer..241.28m @ 0.39 g/t gold from 4.69 metres does just not make any sense to me when the entire drill KBDH-003 went deep to 224.94 metres....

The only grades here that make any sense to me are the ones i placed an TWO asterix after(**)...On top of this they mention "under the existing resource"..Well the ** results are the only ones that would meet that?? IMO you cant have 241.28m @ 0.39 g/t gold from 4.69 metres unless you were drilling horizontal lol, and then the hole would not reach 224.94 metre depth..And we know this is depth because of their sentence """demonstrate continuation of mineralization at over 200 metres below the existing 2.5Moz inferred"""
resource (hence the 224.94meter) depth

This is a legitimate question, please answer this with respect, because clearly the market does not understand this either.To me those results without the ** just dont add up or work out at all on a 224.94 depth hole..On Figure 1 on the Korbal layout shows both holes 003 and 004 combined have a length or depth of some 500metres which would be the total length/depth of the drilling..

With respect

drifta

Expand

hole 3 went to 391m, not 224m
hole 4 went to 517m

what doesn't make sense is how they report multiple overlapping intersections for each hole at different average grades.
They should pick a lower cutoff grade and report above that.

NVA Price at posting: 6.0¢ Sentiment: Sell Disclosure: Not Held
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Ann: Continuous Gold Mineralisation from Surface at Korbel, page-50

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Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

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