LCL 9.09% 1.0¢ lcl resources limited

Ann: $10M raising for multi-rig drilling and to extinguish debt, page-137

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  1. 4,329 Posts.
    lightbulb Created with Sketch. 1258
    Hole 9 is no guarantee to contain similar to hole8 in my opinion. I personally think with how it was worded that it will contain a large low grade interval(lets hope the hydrothermal alteration helps increase grades in porphyry nearby) with some higher grade intervals possibly like Chuscal. Need to see cores for a better idea. Would be happy if a hole 8 type result came though obvioisly...

    Would love a proper geos thoughts on it to be honest!! I read abit about high temperature hydrothermal alterations and from what ive gathered higher grade pockets can occur within the hydrothermal alteration, the fact were apparently proximal to the hydrothermal core could mean weve hit the good bits of it. If the higher grade material is in the hydrothermal alterations this could leech into the porphyry minerization nearby creating higher grades, but its no guarentee either or will occur. Ive said it before though.. Im hoping all this volume is a hole 9 leak.. Hole 8 was bound to be good as soon as they released visuals.


    My opinion. Dyor.
 
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