ATN ashburton minerals limited

debunking a few myths

  1. 13,252 Posts.
    While reading back I noticed a few posters post some comments.

    PP posted

    This will get slammed when results are released imo. A bunch of daytraders jumped in without reading the announcement carfully. Nowhere does it say 2% copper - it says 1-2% percent CHALCOPYRITE which equates to about 0.3%-0.6% copper and unlikely to impress the market whatever the bigger picture is they.

    Well PP if you researched you would have noticed its not only the copper that makes up content of the Chalcopyrite
    quartz and pervasive silica and magnetite deposits. These deposits are massive in formation,

    The ore zones constitute three main structural and lithologic systems,comprising both lenses of massive and disseminated sulfides and quartz veins. Gold, varying from microscopic to visible, is hosted by both sulfide and quartz veins. The ore minerals consist of pyrrhotite and chalcopyrite, together with minor amounts of pyrite.

    When drilling the release stated its open at depth so where we only at the start of the ore body. As the release stated its a poly-metallic deposit what else is there Gold, U308 and what other minerals.

    For the company to state that preliminary drilling results, in particular, being very positive and Field results stemming from the visual inspection of the RC drill chips and the diamond core are very encouraging and confirm the widespread occurrence of copper mineralisation throughout the Pokali prospect. Chalcopyrite has now been confirmed down hole in appreciable (visible) quantities over a strike length of in excess of 2 km, in several sub-parallel zones. This is an excellent result that bodes well
    for the potential of the Pokali area to host a significant coherent body of copper mineralisation.

    To say this without assay result is very encouraging and can not be dismissed. The management are of a high quality and not prone to BS in any other company they are involved with. PP don't take this the wrong way but am glad you posted that as it made me really look to understand what is required and the geological make up of these sort of deposits thank you.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.