AYT 0.00% 0.5¢ austin metals limited

Ann: Change of Address, page-8

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    Amigo, if JFI doesn't mind, I'll give an answer, and if anyone can add, perhaps they can jump in as well. If you look at the company presentation in Novemebr 2018 you will have a good summary of many of the prospects that SCI has. The presentation was given by the then Managing Director, Chris Torrey just before he and the director, Greg Jones, and Chair, Bob Besley, all resigned. (I don't know the inside story, so if anyone does, could they please post something.) The map below comes from that presentation. It shows the areas which are anomalous for two types of geo systems: 1) iron oxide copper gold (red dots) which is the type that occurs in South Australia eg Olympic Dam, etc; and 2) lead-zinc-silver (blue dots) which is the type that made Broken Hill famous. At Copper Blow south there have been very good grades of copper and gold, while at Copper Blow north there have been broader areas of mineralisation but at lower grades than Copper Blow South. The following results are copied from the presentation. There is more in the presentation, so it is worth reading in full. Unfortunately the new team at SCI has not done any exploration since. Perhaps it is the drought? JFI says that there is action behind the scenes, so let's hope so.

    SCIholes- Copper Blow South:
    4 metres at 6.1% copper, 4.23 g/t Au, 13 g/t Ag and 220 ppm cobalt from 188 metres(hole 17CB041)
    1 metres at 11.3% copper, 10.7 g/t gold, 25 g/t silver and 405 ppm cobalt from 191metres
    8.2 metres at 1.9% copper and 0.53 g/t gold 131.8 metres (hole 17CB043)
    2 metres at 2.4% copper, 0.8 g/t gold, 5 g/t silver from 162 metres (hole 17CB041)
    7 metres at 3.7% copper and 1.07 g/t gold from 126 metres (hole 15CB045) including:
    3 metres at 7.4% copper and 2.38 g/t gold from127 metres

    SCI holes - Copper Blow North:
    45 metres at 0.4% copper and 0.12 g/t gold from 69 metres (hole17CB069)
    41.2 metres at 1.3% copper and 0.40 g/t gold from 183.8 metres (hole 18CB054)
    61 metres at 0.7% copper and 0.14 g/t gold from 184 metres (hole 18CB055)
    3 1 metres at 1.0% copper and 0.26 g/t Au from 270 metres including 15 metres at 1.6%copper and 0.32 g/t gold from 285 metres (hole 18B057)

    https://hotcopper.com.au/data/attachments/1719/1719034-791a1a8ac7c3e5614aa86d54d3949770.jpg


 
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