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Ann: Massive Sulphides Intersected in Target Zone at Sherlock, page-31

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mode1971

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26/10/22

22:26

Post #: 64417849
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Originally posted by Tantanoola: ↑

This is a whole new find, the JORC resource remains but this new find blows that out of the water.

yes we await grade but with massive sulphides which is very concentrated one would guess the grade will be higher, even if it wasn't the result is hugely better cause the size and concentration of new find suppresses existing JORC resource by a long way.

5 metres of the new massive find wasn't even in the target zone and if you look at the map that target zone is 100 mtrs plus long and if it is 15 mtrs wide this is a huge find and when you consider the 5 mtrs massive find is not in the target zone so how large will that be.

A target zone 100 mtrs plus by 15 metres wide with another massive find outside the target zone is a big find with a possibility of more.

The scoping study at some point will be re evaluated up by a long way.
yes the market has not reacted in a positive way but SBR is not alone in that regard, earlier this year we would have seen a 200 to 300% rise today.

We will see the market return to bullish sentiment at some point, probably when we least expect and then we will see a catch up.

On the meantime they will drill more to increase resource even further.

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All nice, but this 40m wide intercept is 26m true width and 348m deep.

Is it viable to mine a 26m wide ore zone plus 300m deep?

Not via open cut it is not.

It is in the right direct, but they need width at that depth.

SBR Price at posting: 0.5¢ Sentiment: Hold Disclosure: Held
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Ann: Massive Sulphides Intersected in Target Zone at Sherlock, page-31

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