re: Ann: Further Strong Results from Nymagee ... Latest...

re: Ann: Further Strong Results from Nymagee ... Latest result:

NMD032: 5m @ 17.1% Pb, 24.0% Zn, 265g/t Ag and 0.16g/t Au from 81m

My quick back of the envelope calc estimates this at about 14% Cu Equivalent (see below)

Most people can't see the impact of this high grade lead / zinc, so will have to wait to JORC where it will show as Cu equivalent.

Also, the deposit is expanding south:

NMD027W1: 15m @ 2.5% Cu, 0.8% Pb, 2.5% Zn, 21g/t Ag and 0.1g/t Au from 296m

NMD025: 7m @ 1.6% Cu and 11g/t Ag from 196m


http://www.stocknessmonster.com/news-item?S=YTC&E=ASX&N=545224


My calculation:


Zinc Equivalent Formula = Zn% + (Cu(%)x4) + (Pb(%)x0.9) + (Ag(ppm)x0.0364)

Therefore,

Cu eq = Zn/4 + Cu +Pb/4 (Ag(ppm)x0.0364)/4

+1 %Cu for the gold credits which is probably too light