NVA (ASX) Ann: Continuous Gold Mineralisation from Surface at Korbel

Originally posted by drifta: ↑

Can someone please explain this as i can't get my head around it...I think many cant including the market...

Now lets take first a hypothetical drill results from a fictitious company as an example to help get my point across say XYZ..

So XYZ releases a drill hole like this...10m @ 1g/t gold from 30metres..
So the drill core shows 10m of the drill core graded 1g/t gold from a depth of drilling at 30metres underground....easily understood...

Now NVA on this mornings announcement wrote....

"Initial holes KBDH-001, KBDH-002 (ASX: 22 June 2020) KBDH-003 and KBDH-004 further
demonstrate continuation of mineralization at over 200 metres below the existing 2.5Moz inferred
resource""

then they release grades like this from the TWO holes KBDH-003 and KBDH-004....i will highlight 2 from each hole for an example....

KBDH-003
241.28m @ 0.39 g/t gold from 4.69 metres
118.87m @ 0.42 g/t gold from 17.68 metres
6.10m @ 1.27 g/t gold from 130.45 metres **
21.34m @ 0.91 g/t gold from 224.94 metres **
6.10m @ 1.70 g/t gold from 224.94 metres **
o KBDH-004
130.45m @ 0.61 g/t gold from 6.4 metres
106.07m @ 0.66 g/t gold from 6.4 metres
9.14m @ 2.06 g/t gold from 106.38 metres **
3.05m @ 5.5 g/t gold from 109.42 metres **
516.61m @ 0.28 g/t gold from 1.24 metres

My question is...How do you get "241.28m @ 0.39 g/t gold from 4.69metres"and"516.61m @ 0.28 g/t gold from1.24 metres".

Since KBDH-003 drilled to a depth of 224.94metres, , how do you get 241.28m @ 0.39 g/t gold from 4.69 metres, when the depth is only at 4.69m..and yet the results above for example KBDH-003 shows drilling this one hole went to a depth of 224.94metres..??
This to me just does not add up...since they are drilling to that depth (it is one drill hole core)...

Id like someone with experience to answer this..not the ramp brigade or those ready to attack my question..I want a proper answer..241.28m @ 0.39 g/t gold from 4.69 metres does just not make any sense to me when the entire drill KBDH-003 went deep to 224.94 metres....

The only grades here that make any sense to me are the ones i placed an TWO asterix after(**)...On top of this they mention "under the existing resource"..Well the ** results are the only ones that would meet that?? IMO you cant have 241.28m @ 0.39 g/t gold from 4.69 metres unless you were drilling horizontal lol, and then the hole would not reach 224.94 metre depth..And we know this is depth because of their sentence """demonstrate continuation of mineralization at over 200 metres below the existing 2.5Moz inferred"""
resource (hence the 224.94meter) depth

This is a legitimate question, please answer this with respect, because clearly the market does not understand this either.To me those results without the ** just dont add up or work out at all on a 224.94 depth hole..On Figure 1 on the Korbal layout shows both holes 003 and 004 combined have a length or depth of some 500metres which would be the total length/depth of the drilling..

With respect

drifta

Expand

This has been answered before when someone said the same. The answer given made sense. I believe @wombat777 answered it.

No.	Vol.	Price($)
3	39956	19.5¢

No.

Vol.

Price($)

39956

19.5¢

Price($)	Vol.	No.
20.5¢	8317	1

Price($)

Vol.

No.

20.5¢

8317

No.	Vol.	Price($)
3	39956	0.195
2	19778	0.190
2	82844	0.185
5	76890	0.180
5	54999	0.175

No.

Vol.

Price($)

39956

0.195

19778

0.190

82844

0.185

76890

0.180

54999

0.175

Price($)	Vol.	No.
0.205	8317	1
0.210	3170	1
0.220	9188	2
0.230	2238	1
0.235	6547	1

Price($)

Vol.

No.

0.205

8317

0.210

3170

0.220

9188

0.230

2238

0.235

6547

(20min delay)
Last 20.5¢		Change -0.015(6.82%)		Mkt cap ! $44.08M

Open	High	Low	Value	Volume
21.0¢	21.0¢	19.5¢	$8.718K	42.01K

This has been answered before when someone said the same. The...

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Golden Deeps eyes prospective Cu-Au tenements in NSW with HOA

Nimy to raise $1.21M to explore 'newsy' WA targets

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Bitcoin investors need to know the risks

Immutep reports strong response rate from immunotherapies treating carcinomas

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

This has been answered before when someone said the same. The...

Top Stories

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Golden Deeps eyes prospective Cu-Au tenements in NSW with HOA

Nimy to raise $1.21M to explore 'newsy' WA targets

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Bitcoin investors need to know the risks

Immutep reports strong response rate from immunotherapies treating carcinomas

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News