VMM 10.6% 78.0¢ viridis mining and minerals limited

Ann: Multiple New Discoveries at Colossus, page-42

  1. 2,526 Posts.
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    Hello. I hope I haven't missed anything. Since you are a shareholder with very strong opinions I guess you can check if my calculations are correct & up to date. Otherwise, check with VMM. For Cupim South, I get:

    1. 50 augur (shallow) drill holes for an average grade of 2,922ppm. This excludes 4 of today's drill holes made in the small separate tenement, which average 4,260ppm. In case you missed it, while stuck on a single hole, two of these holes in the separate tenement were 1,954ppm and 1672ppm.

    2. 20 RC and DD drill holes averaging 31.6m thick and 2,559ppm.

    3. It is the opposite of expectation the RC/DD average ppm grade is lagging behind the auger drill ppm grade where it is expected the RC/DD ppm grade would be around 8% higher. Therefore, it appears VMM have lots more RC/DD drilling to do to catch up to the auger drilling.

    4. Today's Cupim South results at the far north east, adjoining the MEI tenement, were good because they demonstrated good grade in that far north eastern area. Six holes (165, 206,268, 269, 270, 290) averaged 2,874 ppm.

    https://hotcopper.com.au/data/attachments/6155/6155557-d5c179060c6dbb723a72a2cb224027fb.jpg

    Last edited by GKeden: 08/05/24
 
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