Australia's largest stock trading and investment forum Australia's #1 stock forum

AVQ axiom mining limited

0.00%

2.5¢

Ann: Isabel Nickel Project - San Jorge drilling update, page-5

First 5 Last

Share
Profile

Follow
Barry81

3,477 Posts.

623

15/12/16

10:59

Post #: 21356177
Share

Originally posted by jazzmox ↑

bad to very bad.

Ignore the headline numbers, they will always give the best drill result from all the holes. Check table 1. 7 holes had no saprolite above the cut-off. 4 holes misses the cut-off completely. Once again holes were drilled vertically. No width to speak off.

SJ appears not viable.

The rampers will focus on the grade but the saprolite grades are nothing special. Same as any other nickel laterite deposit.
One simply has to check wikipedia

"Silicate type (or saprolite type) nickel ore formed beneath the limonite zone. It contains generally 1.5-2.5% nickel"
https://en.wikipedia.org/wiki/Lateritic_nickel_ore_deposits

But SJ is patchy, too many results below cut-off. The tonnage is not there.

Expand

It looks like the results show the western edge of the saprolite zone. The further east Appears to have the higher saprolite area.

We need a map showing all current and historical drill holes to get a sense of what is happening.

As jazZ points out these results by themselves aren't that great

AVQ Price at posting: 19.0¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

SGQ

St George banks $5M from placement to ramp up Araxá Rare Earths Project

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

RNU

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

FTL

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

ASE

Astute delivers high-grade lithium hits at Red Mountain

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

Most investors will get this earnings season wrong. Will you?

First 5 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Ann: Isabel Nickel Project - San Jorge drilling update, page-5

Top Stories

St George banks $5M from placement to ramp up Araxá Rare Earths Project

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Astute delivers high-grade lithium hits at Red Mountain

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

Most investors will get this earnings season wrong. Will you?

Featured News