CNB 5.76% 65.5¢ carnaby resources limited

Your analysist is completely incorrect in relation to the...

  1. 807 Posts.
    lightbulb Created with Sketch. 367
    Your analysist is completely incorrect in relation to the question and should be ignored.
    It's the source of the copper intrusion (if that's what they have found), and from there, you might find that you can explore further to find more ore / higher grades, locate different ore bodies coming off it, likely with deep holes and more DHEM surveys.

    @Stylonnnn
    "The vuggy quartz lodemineralisation has been intersected to almost 400m below surface and while there is clearlysome weathering effect, it is considered likely that a primary hypogene mineralisationcomponent may also be present."

    What they are saying is that "weathering" extends very deep at Mount Hope Central. This is generally not desirable from a mining perspective as weathering usually make processing of base metals problematic due to issues with flotation ie. the recoveries that are achieved from non-weathered/hypogene mineralisation are usually significantly better than from weathered/supergene rocks. Experienced investors/geos will recognise this as a potentially significant issue with the deposit, which is likely why they have included "it is considered likely that a primary hypogene mineralisationcomponent may also be present". Ie. they are hoping that a portion of the transitional zone intercepts contain some hypogene mineralisation.

    So the question is how much of the transitional zone intercepts are weathered, and more importantly what metallurgical recoveries they get from this zone.
    They first mentioned taking samples for testing in Feb and no mention of this at all in the latest quarterly?

    Hope this helps
 
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