NVA nova minerals limited

Cathedral

  1. 7,273 Posts.
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    https://hotcopper.com.au/data/attachments/5572/5572934-25fcb2e25fe4cf05c2e1bb24893d6c40.jpg
    - Cathedral has a lower grade than Korbel so far.
    - Korbel shows lots of purple >1g/t, but would have lots of waste and low grade mixed in.
    - Cathedral has minimal purple so far.
    - To beat Korbel's grade would probably require more purple.
    - Korbel has lots of pads, by the way. Way more time spent on it than RPM.
    https://hotcopper.com.au/data/attachments/5572/5572936-12afa837f0aa14259225f674685930fa.jpg
    - Cathedral has 3 pads? But 1 pad having only 1 hole? (Or only 1 hole that hit anything? But that 1 hole actually hit quite a lot.)
    https://hotcopper.com.au/data/attachments/5572/5572937-e09bd8b434514d107d911c2dbf429cc1.jpg
    - Red lines indicate barren. Bottom pad seems to show a little good grade near surface, and a little good grade down deep, towards the other pad (the hill). Otherwise just lots of low grade.
    https://hotcopper.com.au/data/attachments/5572/5572939-ef9c7d9c0262aa4e33f19fe6c76453e3.jpg
    - These 2 might be a connecting trend, but they're deep.
    https://hotcopper.com.au/data/attachments/5572/5572940-bb77e93ce0dcb1e40316571d8d81ae9c.jpg
    - The other pad is the best one.
    - There's some decent grades, only moderately deep, and apparently connected. But I think 1 pad cannot show much detail about where it extends to and so on. So we're lacking data.
    https://hotcopper.com.au/data/attachments/5572/5572941-1c4e6951523672b0691bb7573f8a69d5.jpg

    - I highlighted the hill outline below.
    - The intersections are quite deep into the hill. Impossible to dig up economically unless finding shallower ore?
    - But so far we have no shallow drills showing data from the top of the mountain.
    - So a pad from the top of the mountain is probably the only realistic way to go from here.
    - No point spending more money on finding out what is 'deep' under the mountain, if you can't afford to move the mountain. You can only afford to move the mountain if having decent ore throughout the mountain shallows.
    - If intersecting any ore in the shallows, ok or good.
    - If the higher grade portion trends towards the shallows (the high grade rock chips) or to surface away from the mountain, great.
    - But more purple would probably be important. But even red could be ok if it was shallow, for a smaller pit with lower strip ratio.
    https://hotcopper.com.au/data/attachments/5572/5572943-2f350562bf036aba269ac45f3edffa25.jpg
    - Management mentioned wanting to do a bad from higher on the mountain. I agree.
    - I can't say whether the high grade rock chips would lead to good grades found around there, but shallower in the mountain seems most important to check.
    Last edited by danbradster: 10/09/23
 
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