MGV (ASX) Ann: Bonanza hit highlights high-grade potential at Big Sky

Originally posted by Jacko22 ↑

I always find it amusing when you get fact based annts like this and non-holders come flying in with their conspiracy theories!!
Smearing? Well, if you want to look at it like that, then I guess they will also have problems with any statistical based report (or any other drill report, from any other explorer) because you can play those up to suit your narrative...talk about dooms dayers!!
So, what should the coy do in this situation, take out the 1m @898g/t? How stupid would that be when it's there? All the coy is doing at this stage is reporting what they've drilled, on the basis of how these reports have always been reported as per regulation. Nothing new, nothing untoward, just reporting that they've found gold (generally with every hole they drill, mind you ). But still they come...

What I like is that these hits are still consistently showing up at shallow depths, with every drill they put in the ground. And they continue to put most of their cash into the ground, not exorbitant salaries like a lot of other explorers...

More than happy to sit and wait - although as I've said before, I'd like to hear more from the coy about their feasibility plans for cashing in on these finds....just not interested in hearing the conspiracy theories from outsiders who obviously haven't been following the story!
J22

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Yeah - although grade smearing is a "thing" when there are high grade drill results its just semantics, those offereing tired cliched grade smearing arguments are basically saying if you ignore the assay evidence and remove one assay then the remainder are of a lower grade. Mining does not work that way, they won't exclude that 1m at 898g/T Au from the blasted ore bench and it will go (along with the surrounding volume represented by 27m of 3.97g/T Au) on a dump truck somewhere into a gold mill where a certain % of that gold will be recovered.

Its just maths, if you ignore the Nile valley from Egypt, then Egypt is all a featureless barren desert, the farmers all along the edge of the Nile beg to differ, and their produce is not imaginary, its real and you can measure it, despite the mathematical sophistry involved in excluding one piece of evidence.

Their argument is even further undermined when you consider that if you accept that the remaining 27m intersection does have a grade of 3.97g/T Au, then that is a decent economic intersection of ore grade at that depth in WA. If it was 27m of 0.02g/T Au then yes the accusations of grade smearing would be plausible, but it isn't, so they aren't reasonable arguments because they exclude some of the evidence.