I have talked to several Geologist, their conclusion is "Without...

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sircorp

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22/07/21

12:04

Post #: 54688167
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Originally posted by ainsleym: ↑

The grade so far improves towards the East from the mother hole which means as the fault-line is approached according to their schematic. Reasonable assumption is that the fault is acting as a fluid pathway. However on the other side of the fault, the historical holes as shown in the schematic did not show significant copper. Whatever, at these depths of 800 - 900+ metres, the mineralization will only be economic if much longer intersections of bornite/chalcocite are encountered. The blebby and disseminated nature of the chalcopyrite, being a less rich copper grade, although extending over longer intersection lengths than the bornite seen so far, is pretty much a side show and uneconomic at these depths. Bornite/chalcocite is the Holy Grail and much longer intersections are required as with other mined IOGC systems. Across the fault line the copper is minimal, so I guess its a question of how the bornite shapes up as the drill approaches the fault zone to its East.

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I have talked to several Geologist, their conclusion is

"Without Assay results, all Hot Air" In most cases Visual Observation of Coppers means Nothing. It can be totally garbage but still get good visual observation.
..
Interesting to note all COD notice comes on market is is on higher side.

COD Price at posting: $1.46 Sentiment: Sell Disclosure: Held
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Last 8.7¢		Change 0.002(2.35%)		Mkt cap ! $21.71M

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Price($)	Vol.	No.
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No.	Vol.	Price($)
1	6100	0.082
1	6172	0.081
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1	40000	0.077
2	150000	0.074

Price($)	Vol.	No.
0.088	101574	2
0.089	100000	1
0.090	2760	1
0.091	60000	1
0.093	67250	2

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