G88 4.00% 1.2¢ golden mile resources ltd

Yes, I think it's difficult for the Company to convey because...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 4,085 Posts.
    lightbulb Created with Sketch. 978
    Yes, I think it's difficult for the Company to convey because the deposit is so out of the ordinary:


    The drilling has shown a rare geological setting comprising of high-grade metamorphism, structural complexity, and strong veining & hydrothermal alteration.



    But the practical implication of these developments is most exciting - and very good for Quicksilver. As our CEO observes:


    The drilling program has been invaluable for information gathering and our geological understanding now leads us to believe that we can potentially identify and orientate the vermiculite zones in the northern area of the deposit. If the vermiculite forms in identifiable seams, we will be able to selectively mine the high-grade.



    Simply put, because the vermiculite may be structured in seams (and is a likely a ready source of high-grade), the Project may indeed well transform from a low-grade bulk mine into a high-grade nickel mine - at least in its early stages.


    The geology encountered may provide context of the recent significant discovery of high-grade (2% to 3%) nickel bearing vermiculite that could result in transforming the project by selectively mining the high-grade vermiculite.



    And that could really put a rocket under the economics.

    In any case, if it doesn't work out ...no matter.

    Then we're back to just being a bigger mine - but with this extra stream that’s going to be really hugely payable.

    The economics are improved no matter what.



 
watchlist Created with Sketch. Add G88 (ASX) to my watchlist
(20min delay)
Last
1.2¢
Change
-0.001(4.00%)
Mkt cap ! $5.673M
Open High Low Value Volume
1.2¢ 1.3¢ 1.2¢ $32.26K 2.560M

Buyers (Bids)

No. Vol. Price($)
1 464272 1.2¢
 

Sellers (Offers)

Price($) Vol. No.
1.3¢ 1201338 1
View Market Depth
Last trade - 16.10pm 11/11/2024 (20 minute delay) ?
G88 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.