CAE 0.00% 5.8¢ cannindah resources limited

@Richard53I'm not sure which point you're referring to, but this...

  1. 1,558 Posts.
    lightbulb Created with Sketch. 339
    @Richard53

    I'm not sure which point you're referring to, but this from page 4 of the release which I read should definitively answer one of them.

    https://hotcopper.com.au/data/attachments/4357/4357053-7a21412337ef66fe47cb230a227cb893.jpg

    As for this from the release...

    https://hotcopper.com.au/data/attachments/4357/4357073-4ac5b1c76f853015278db7f1e060fe0d.jpg

    Holes 9 and 11 are on the section. Hole 9 looks like hole 10 and hole 11 doesn't look like much of a step out - running out of breccia to drill down dip? There are 72 metres of hole 9 on the section. That represents about 25 metres horizontal using a 70 degree dip. So the clip on this section isn't wide (50 metres?) and it still picks up a heap of holes. To my eye the old holes show high and low grades in similar positions to those found in hole 10. More than half of hole 10 sits between holes 3 and 9 so is it any surprise that that portion is mineralised? Hole QMC 25 shows grade down to 238m down hole. Hole 10 shows grade 40m deeper but whereas hole 10 doesn't allow mineralisation to be extrapolated beyond 276m, QMC 25 can be extrapolated beyond 238m because it's drilled across the breccia.

    So what does hole 10 add? It gives no measure of orebody width and potentially gives misleading information about grade distribution because it's drilled down the structure. Then again maybe in a breccia, drilling direction has less impact on grade distribution. It does give one more point on the breccia envelope when the wireframe is being built.
    https://hotcopper.com.au/data/attachments/4357/4357076-1b9afb24f78282a307840be36577f9fb.jpg

 
watchlist Created with Sketch. Add CAE (ASX) to my watchlist
(20min delay)
Last
5.8¢
Change
0.000(0.00%)
Mkt cap ! $33.52M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
1 55852 5.8¢
 

Sellers (Offers)

Price($) Vol. No.
6.0¢ 65000 2
View Market Depth
Last trade - 16.12pm 14/06/2024 (20 minute delay) ?
CAE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.