LDR 4.55% 10.5¢ lode resources ltd

Grades are great but it all depends on the strike of the...

  1. 1,570 Posts.
    lightbulb Created with Sketch. 343

    Grades are great but it all depends on the strike of the mineralisation.

    From the announcements:

    Tangoa 019 - mineralisation orientation not known but drill hole azimuth of 36 degrees implies strike of roughly NW-SE
    Tangoa 044 - mineralisation orientation believed to be north-south
    Tangoa 045 - hole said to be perpendicular to north-south mineralisation but is drilled steeply down-dip and 37 degrees off perpendicular in the horizontal

    Below a plan of the drill-holes with the high grade intercepts darker.

    https://hotcopper.com.au/data/attachments/5034/5034120-ac293b6d696aefeae7b2f5a6499bd187.jpg

    Now if the mineralisation is oriented north-south and dips vertically then correcting for horizontal and vertical apparency gives true widths of:

    T019 - 27m x cos 50 x sin 36 = 10 metres
    T044 - 54m x cos 65 x sin 35 = 13 metres
    T045 - 116m x cos 65 x sin 53 = 39 metres

    Looking at the plan in the announcement (below), the workings are oriented roughly ENE-WSW and the grey dots (silver samples???) are similarly oriented. If this is the case then T045 is drilled parallel to strike and T019 and T044 not far off strike and the mineralisation as currently known is about 50m in strike length and about 7m maximum true width.

    A hole or two drilled NW-SE may be quite revealing.

    https://hotcopper.com.au/data/attachments/5034/5034043-9d67a44564c48d0185af2c87e12d49e4.jpg

    Last edited by ozbucheron: 07/02/23
 
watchlist Created with Sketch. Add LDR (ASX) to my watchlist
(20min delay)
Last
10.5¢
Change
-0.005(4.55%)
Mkt cap ! $11.21M
Open High Low Value Volume
11.0¢ 11.0¢ 10.0¢ $2.948K 27.86K

Buyers (Bids)

No. Vol. Price($)
2 14916 10.0¢
 

Sellers (Offers)

Price($) Vol. No.
10.5¢ 124573 2
View Market Depth
Last trade - 16.10pm 17/09/2024 (20 minute delay) ?
LDR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.