There are several things that leap out at me on first reading:
- The widths and grades at depth are indicating that a 500m deep open pit is very possible for Minyari. There are a number of open pits to this depth or planned to go to this depth, e.g. Gruyere.
- The geology of the breccia pipe and the relationship to the grade of the mineralisation finally has been pulled together with a viable theory. This helps enormously as it gives a predictive model to base further drilling upon. The plan view of the breccia pipe looks very similar to Havieron. Now we have a better handle on the location of the breccia we can start to delineate the higher grade zones that we have intersected in some holes. We have a Havieron type system except we have a viable open pit on top of it.
- As to the deeper grades they are exciting because with the DHEM helping and the breccia model we can now target these high grade zones with more confidence. We know at depths below 500m we will be underground mining. Therefore for Minyari ignore the 194.4m @ 0.8g/t and focus on the 17m @5.24 g/t Au and 0.14% Cu. For WACA ignore the [email protected] g/t and focus on the [email protected] incl. [email protected] g/t Au and 0.13% Cu. If we show that these zones of higher grade are continuous in the arc around the breccia pipe, similar to Havieron, then we will have high grade underground mines. Therefore don't be concerned about the deeper grades.
Minyari deposit breccia intersections at depth:
194.4m at 0.80 g/t gold and 0.06% copper from 527.0m down hole in 21MYD0502, including:
o 61.7m at 1.76 g/t gold and 0.08% copper from 659.7m, including
17.0m at 5.24 g/t gold and 0.14% copper from 677.0m
20.7m at 1.97 g/t gold and 0.07% copper from 692.3.0m down hole in 21MYD0503, including:
o 8.4m at 4.00 g/t gold and 0.08% copper from 703.6m
WACA deposit breccia intersections at depth:
76.2m at 0.90 g/t gold and 0.01% copper from 430.0m down hole in 21MYD0505 (further assays
pending), including:
o 10.0m at 3.82 g/t gold and 0.07% copper from 485.0m, including
3.3m at 9.84 g/t gold and 0.13% copper from 489.4m
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EQUINOX RESOURCES LIMITED.
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