Australia's largest stock trading and investment forum Australia's #1 stock forum

OAU

Click for more information

0.00%

0.5¢ ora gold limited

The industry standard approach to these short nuggety intercepts...

First 50 Last

Share
Profile

Follow
MrAu

4,102 Posts.

1338

02/07/23

10:24

Post #: 68572771
Share

Originally posted by plough: ↑

The reporting is interesting and confusing ie :
"Importantly, hole OGGDD537 is drilled through the interpreted SEB antiform. This drill hole was orientated 60 degrees to 335 degrees

Probably should read the drill hole was drilled at -60 degree dip at a 335 degree azimith

You wrote :
"That suggests a nuggety 3 metre section perhaps in pretty ordinary sections elsewhere."

IF it was "nuggety" would have thought they would have used a cut off grade of say 50 grams a tonne , but I do not see that , , maybe there was no visible gold present , and harder to see anyway as no core as was RC drilled so just rock chips , or an assumption was made that there was sufficient dissemination so a high population of small gold particles that a cut off grade was not needed ?

The reporting does not seem to be of the same standard as most exploration companies would report IMHO .

Expand

The industry standard approach to these short nuggety intercepts in otherwise ordinary/ non commercial drill results is to set a cap eg 20g/t Au and record all assays that exceed the cap as 20g/t Au. If that was applied to these results it would eliminate any false impression of the total metal available for mining.

OAU Price at posting: 0.4¢ Sentiment: None Disclosure: Not Held
4 Upvote

2 Great analysis

Reply

There are more pages in this discussion • 29 more messages in this thread...

First 50 Last

Add OAU (ASX) to my watchlist

(20min delay)
Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $29.03M

Open	High	Low	Value	Volume
0.5¢	0.5¢	0.5¢	$12.06K	2.413M

Buyers (Bids)

No.	Vol.	Price($)
19	10832215	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	45281809	27

View Market Depth

No.	Vol.	Price($)
19	10832215	0.005
17	14954999	0.004
7	56366667	0.003
10	12995398	0.002
10	61991039	0.001

Price($)	Vol.	No.
0.006	45281809	27
0.007	24225886	19
0.008	6922671	7
0.009	2826700	6
0.010	5265826	7

Last trade - 14.04pm 07/05/2024 (20 minute delay)


Last 0.5¢			Change 0.000 ( 0.00 %)
Open	High		Low	Volume
0.5¢	0.5¢		0.5¢	100000
Last updated 12.24pm 07/05/2024 ?

OAU (ASX) Chart

SPONSORED BY