I've read and re-read the latest report a few times now, and I'm a bit surprised at some of the reactions posted here:
- The common concern seems to be the depth at which some of the high grades are being reported
- But to my reading (I am no geologist) much of the drilling reported on was designed specifically to test for depth extensions to known mineralisation - i.e. the high grades at depth just confirm how deep some of these resources go, and will mean we see upgrades to known resources.
- Further, there are some decent quality intersections that are actually quite shallow ( 0.7m @ 5.1 g/t Au from 32.3m by hole AKDD185) (1.6m @ 0.9% Pb, 2.8 % Zn (3.7% Pb+Zn), 0.2% Cu, 16 g/t Ag and 2.0 g/t Au from 7.6m)(1.3m @ 1.8 g/t Au from 30.7m)(1.0m @ 0.8% Pb, 4.3% Zn (5.1% Pb+Zn), 16 g/t Ag and 0.2 g/t Au from 48.9m).
None of these are spectacular if you are chasing gold only. or zinc only. or silver only. But collectively it's looking strong. But it seems the best is yet to come, from AKDD182 - "Most importantly, detailed core logging confirmed the coincidence of stringer pyrrhotite, chalcopyrite and pyrite which is consistent with a footwall position in a VHMS system and potential for associated massive sulphides featuring high grade silver/lead/zinc and, potentially, copper and gold."
Looking over the maps, it looks like "Model 2 - Overturned Mound VMS Model" (see http://www.argentminerals.com.au/lead-zinc-copper-gold-exploration-projects/kempfield/) is likely playing out...A few more holes to the west could strike the feeder
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I've read and re-read the latest report a few times now, and I'm...
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