Ann: Isabel Nickel Project resource definition drilling update, page-7

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Squillion

1,552 Posts.

01/09/15

11:47

Post #: 15911991
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Originally posted by rusty02 ↑

Hi Spartagus,
No, these are different results as these are from the Havihua ridge.
Infill drill results No 3 were taken north of the earlier delineate drilling totalling now approx 1000m of mineralised zone @ Medium to Premium grade. The Saprolite seam has increased in thickness (Av 8m) for an average grade of approx 1.8%. The Limonite zone thickness (Av 7m) for an average grade of approx 1.5-1.6%.
Total mineralised depth in some holes showing 17m giving an overall indication that the Havihua Ridge is increasing in resource quantity and quality.
Some drill results are not back yet from the lab. These will help to understand seam width but with the information at hand the deposit is opened at North, North/East and North/West of this current infill program.
Over width of a pit "could be" with these results IMHO are as follows;
Length 1000m
Width 300m
Depth down to 17m in sections with little to no over burden (Av 1m). HA 266 is showing 5.6m overburden with a 3.6m seam but results either side of this, 265, 267, showed at surface to 1m and seam increased to 11m.
Tonnages; Havihua Ridge
Assume 1000 by 300 limonite and 200 saprolite by 10m depth (could be deeper in sections down to 17m) by 1.5m per msq
Totals; 3.5mt approx
That's one big pit for this minnow penny dreadful....lol

My estimates are that management have their initial production quantity now for a 3-5 year operation for the Medium to Premium grade market. This is from only the Kolosori and the Havihua Ridges. I would assume further infill drilling will open both pits at both ridges. This dose not include Suma ridge let alone 10 other areas I have identified from the aerials and looking forward to the San Jorge exploration activities to commence which will give AVQ a second platform.
One can see without a doubt now, why SMM are fighting so hard for this world class deposit.
Hope the above helps and GL with your AVQ investment.
GLTA
cheers
M

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Love your work and taking the time to make sense of all this Rusty...
Very well detailed....

Seems we need this court dealings dealt with to get trading back on AVQ....
Very flat, and quite boring to be honest!

AVQ Price at posting: 33.0¢ Sentiment: None Disclosure: Held
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Ann: Isabel Nickel Project resource definition drilling update, page-7

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