I will give you a simple analysis of the lab results …
1750grams per ton is massive in the 1.27m section is massive . Although a small vein size , the other veins reveal 550gr of silver (Ag) . Anything above 350-500gr average with a high tonnage gives the green light for silver mine . This 1750 gr is a freak sample and it’s like saying we found 10 grams of gold per ton . Let’s hope the next holes have more wicked results .
The 2nd point of note is Zinc , anything above a 10% grade per ton is excellent and will potentially get the attention of larger players especially the that’s in NSW Australia not the Congo !
Copper … anything above 1.00% in Australia is great.
Lead … anything above 5% is excellent
You have understand that Massive sulphides veins are basically super rich areas that packed full of goodies such zinc, lead , silver, some gold and copper . A ton of massive sulphides is much smaller than a ton of say iron ore as lead is very heavy . The Massive sulphides are so rich and close to the surfs Crr that I think management can sell this stuff straight away as DSO for minimal refining and create a short term cashflow .
However it’s still early days here as we still have the lab results from the next 3-4 holes to come . The lab results combined where the rich veins continue downwards toward a the fabled “ motherload “ are all now that we should prey for … in the next few weeks we shall finally know if this is a nice economic base metal mine with a 7-10 year mine life or. A life changing new “ MT Isa “ . Whichever way …. The only way is UP!
But wait there’s more ! Oh … I forgot about Lithium and Canada.. mavis lake .. stay tuned ..
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