NXM nexus minerals limited

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6.0¢

NXM the next multi bagger, page-2247

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rabbitoh

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12/04/22

13:35

Post #: 60807053
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Originally posted by robbo24 ↑

Hi rabbitoh

Thanks for your helpful input - I would've thought tagging very deep porphyry hosted gold, analogous to the known shallow deposit, hundreds of meters below the known shallow deposit, would be an indication that the shallow deposit runs deep and leads you towards its source. Afterall, hydrothermal deposits don't just end up randomly placed around the map - they come from a source.

With the hunt for the source/direction of the source in mind, I am surprised that you say drilling 730m underground in a 1.6km x 730m deposit with a single diamond core equates to "SFA", when the diamond drill hit the rocks in the area as modeled.

I would've thought it would be very helpful to know the general direction of very deep hydrothermal source material if you were, say, drilling deeper and deeper from surface to locate more and more gold bearing ore.

Then again, I am just paraphrasing Andy Tudor who noted yesterday. I will get in touch with him to let him know there's SFA and to pack up and go home.

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Dont get snarly on me Robbo, i said to be honest the diamond cores so far have been disappointing, 5 mtrs at 1.78gpt for the visible gold core DDH5 at 524 metres depth is nothing special, i hope they do find a huge source but for now its an ongoing search to compliment a great shallow deposit..

NXM Price at posting: 33.5¢ Sentiment: None Disclosure: Not Held
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