Looks very very promising. They are defining two parts of the deposit and both extend to great depths (+500m).
1) On page 3 it states about Copper Blow: "This entire anomaly includes both the North and South mineralised zones identified in drilling and the response is attributed to the abundance of copper and iron sulphides. The model shows that the sulphides in this anomaly extent almost from surface to over 500 metres in depth. This is consistent with the drill results and surface outcrops."
2) On page 4 they talk about the non-magnetic IP abnormality to the SE which has a larger area than Copper Blow, but starts below the surface and extends to great depths: "The 3D model indicates that the sulphides which cause the anomaly do not outcrop and that the top of the anomaly is about 80 to 100 metres below surface. The image in Figure 1 is a plan of a slice through the 3D IP model at about 180 metres below surface."
The testing is being carried out in a methodical mannner and they are likely to be drilling later in this quarter (quote copied below from page 4 of their report).
"What next? The Company plans to continue with a deeper test of the North Zone within the magnetic ironstone (Figure 4). At the same time the new targets generated by this IP and soil data will be tested. Drill planning and environmental permitting are underway. Drilling is likely to commence in August or September."
Figure 5 is a really ugly looking monster, but I hope its our monster. Pin your ears back and good luck to SCI.
SCI Price at posting:
3.4¢ Sentiment: Buy Disclosure: Held
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