AYT 0.00% 0.4¢ austin metals limited

The IP data is adding good information to Copper Blow and it can...

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  1. 2,827 Posts.
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    The IP data is adding good information to Copper Blow and it can help narrow the targets for the next drilling program. The first drilling announcements around Christmas (i.e., results of Phase 1 and Phase 2 drilling) were about the South Zone, and seem to have been forgotten. The IP map shows strong anomaly in the South Zone, much like the North Zone. However the South Zone has narrower veins/dykes with grades of 6% copper and good cobalt as well. The veins are about 2 to 5 metres thick and about 15 metres in width, and are deeply plunging to the south west (almost vertical). The high grades are also at depth (about 200m) and open. (The North Zone in comparison has lower grade of copper (1%) but a larger more-consistent mineralization, and it has been the focus of drilling this year.) The region between the North and South Zones has been described as a vertical fault, but which sides went up or down? So we have: a) two nearly vertical pipes/dykes with good prospects (i.e., Nth and Sth Zones) that are open at depth, and b) the untested IP anomalies labelled areas A and B. It will be intersting to see the next plans for drilling. They have mentioned going beyond 200 m. Will they be conservative and infill, or will they be a bit risky and search for the deep unknown system that produced these minerals? Maybe something will be in the quarterly report? Good luck amegoes.
 
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