Points to note from current quarterly. SCI only trading at near $2m EV and so could have good move on +ve news (if).
>>> Results from downhole electromagnetic surveys for both Razorback West and Wilga Tank should be available early in February.
>>> The more interesting hole, which has no attendant EM anomaly, is 16RB020. The geology and the mineralisation suggest a consistent westerly dip with weak lead-zinc mineralisation persisting from surface to at least 160 metres down dip. The mineralised zone is between 10 and 20 metres wide (Figure 5). The Company considers that there is potential for this zone to host higher grade mineralisation either down dip or along strike.
>>> Down-hole electromagnetic surveys are scheduled to start in mid-January. There is potential to identify strongly mineralised zones close to the existing holes using this method. In addition, a detailed geological assessment of the new holes will be undertaken by a highly experience Broken Hill consultant. This will assist in identifying the most prospective part of the rock sequence with respect to the new and historic holes.
SCI Price at posting:
2.3¢ Sentiment: Hold Disclosure: Held
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