Yes those happy MRP' days may come back as the experts are predicting POS trending up to $50/oz and there is a lot of silver in Nimbus area - ann. from 2014 shows a lot of lenses left to explore... a lot of money was spent and borrowed from unlucky source... and the rest is history... but now all the ducks are lining up for Nimbus/silver to pay back IMHO/ DYOR:
. Highlights of the new drilling are (preliminary list
of intersections above cut-off are included in Table 3):
7.0m @ 1472 g/t Ag-Eq* in NBRC145 from 216m depth;
Interval averages 755 g/t silver and 21% zinc.
10.0m @ 852 g/t Ag-Eq* in NBRC151 from 206m depth;
Interval averages 542 g/t silver and 8.3% zinc.
14.0m @ 280 g/t Ag-Eq* in NBRC153 from 96m depth;
Interval averages 258 g/t silver.
8.0m @ 518 g/t Ag-Eq* in NBRC157 from 70m depth;
Interval averages 326 g/t silver and 3.05 g/t gold.
1.0m @ 1057 g/t Ag-Eq* in NBRC157 from 89m depth;
Interval averages 761 g/t silver and 6.58 g/t gold.
• Note*: Because the Nimbus Project reports Ore Reserves, the reported grade is
Ag-Eq recovered grade, meaning that reporting has taken into consideration
mining dilution, mining losses, mining recoveries and pillar allocation, metallurgical
recoveries, refining and smelting losses and charges, marketing costs, and
royalties. Full details of Ag Eq* calculations and input parameters detailed in
Table 4.
The overall project economics of the Nimbus project remain robust despite the metal prices with the falling value of the
Australian dollar continuing to offset lower US dollar commodity prices.
Success in growing the Nimbus inventory sufficiently to extend the project’s forecast mine life beyond 5.5 years, along
with reductions in mining and processing costs, would in turn deliver significant benefits to the project’s overall
economics, including shareholder returns.
Managing Director, Mr Morrie Goodz said “the results continue to support additional mineralisation which will add to the
resource and reserve updates and form the final input into the feasibility studies due for completion in Q2 2015.”
“We continue to identify that the upside at Nimbus is substantial and therefore we remain highly confident that the mine
life could be extended significantly beyond the current five-and-a-half-year plan,” he said.
“The recent drilling has emphasised that gold-bearing intersections will continue to deliver additional value to the silverzinc mineralisation as evidenced by the NBRC157 intersections up to 6.5g/t gold reported in today’s announcement.”
Figure 1 – Nimbus silver-zinc-gold mine located 10km east of the Kalgoorlie Super Pit showing the current drilling
program focused on adding additional extensions to the existing mine design. Continued successful drilling would add significant inventory to the current 5.5 year mine life of the Nimbus project.
- Forums
- ASX - By Stock
- HRZ
- Ann: A$6M Secured fro Boorara Mining and Drilling Program
Ann: A$6M Secured fro Boorara Mining and Drilling Program, page-40
Featured News
Add HRZ (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.8¢ |
Change
0.004(9.09%) |
Mkt cap ! $30.84M |
Open | High | Low | Value | Volume |
4.4¢ | 4.8¢ | 4.4¢ | $14.28K | 303.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 63046 | 4.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.0¢ | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 63046 | 0.048 |
1 | 162040 | 0.045 |
1 | 89604 | 0.044 |
1 | 46511 | 0.043 |
1 | 125000 | 0.042 |
Price($) | Vol. | No. |
---|---|---|
0.050 | 20000 | 1 |
0.053 | 96385 | 2 |
0.055 | 145237 | 4 |
0.056 | 376750 | 2 |
0.057 | 50000 | 1 |
Last trade - 13.23pm 05/06/2024 (20 minute delay) ? |
|
|||||
Last
4.8¢ |
  |
Change
0.004 ( 9.09 %) |
|||
Open | High | Low | Volume | ||
4.6¢ | 4.8¢ | 4.6¢ | 178295 | ||
Last updated 13.23pm 05/06/2024 ? |
Featured News
HRZ (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
SPONSORED BY The Market Online