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Ann: Significant Massive Sulphide Copper Intercepts at Collerina, page-13

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6,130 Posts.

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13/06/18

11:14

Post #: 33675403

Originally posted by vindin ↑

well bit of a muted response so far to what i took to be a great ann, though this is a long-term hold for us. Still open in directions and possibly a lot more coming ...

"The massive sulphide intercepts delivered in recent down-plunge drilling of the Collerina Deposit now show potential linkage up-plunge to the previously delineated Central Zone massive sulphide mineralisation.

This open-ended copper system has now also been intersected over almost 750m in the plunge plane to date. These additional intercepts of massive sulphide and modelled DHEM plates are also vectoring drilling toward a large, strong and untested fixed loop EM conductor (centred at approximately 900m down plunge and approximately 360m below surface).

It is noted that other massive sulphide deposits in the region, such as the Tritton and Murrawombie deposits, are typically plunge extensive."

had a look at a couple of copper analysis sites to check the grades with them, from what i am reading we seem to be hitting exceptional grades ...are these chart interpretations correct or perhaps not??

and open

COPPER: Anything over 100 metres and 1% copper equivalent or better is considered to be high-grade. For example, Serengeti Resources announced 119.6 metres of 0.9% copper equivalent (copper plus gold values added together) at depths from 180 to 300 metres. The stock then increased from $0.30 to $1.50 after those drilling results were reported.

http://www.mining.com/web/making-the-grade-understanding-exploration-results/

and then this chart below as well, any feedback on the grades analysis appreciated

Mineralization Symbol Low Grade Medium Grade High Grade

1 Base Metals Cobalt Co less than 1% 1% – 2% over 2%

2 Copper Cu less than 0.5% 0.5% – 1.5% over 1.5%

3 Iron Ore Fe less than 25% 25% – 35% over 35%

4 Lead Pb less than 2.5% 2.5% – 10% over 10%

5 Molybdenum¹ Mo less than 0.15% 0.15% – 0.5% over 0.5%

6 Nickel Ni less than 1% 1% – 2% over 2%

7 Zinc Zn less than 2.5% 2.5% – 10% over 10%

8 Energy Uranium² U₃O₈ less than 0.15% 0.15% – 0.40% over 0.40%

9 Fertilizers Phosphate Rock P₂O₅ less than 25% 25% – 30% over 30%

10 Potash K₂O less than 20% 20% – 25% over 25%

11 Precious Metals Gold Au less than 1.5 g/t 1.5 g/t – 5 g/t over 5 g/t

12 Palladium Pd less than 1.5 g/t 1.5 g/t – 5 g/t over 5 g/t

13 Platinum Pt less than 1 g/t 1 g/t – 2.5 g/t over 2.5 g/t

14 Silver Ag less than 10 g/t 10 g/t – 50 g/t over 50 g/t

https://undervaluedequity.com/drill...rill-results-are-of-low-medium-or-high-grade/

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@vindin look at those core photos! Mick obviously liked them and assays waiting

HLX Price at posting: 3.8¢ Sentiment: Buy Disclosure: Held

4 Upvote

0 Great analysis

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Ann: Significant Massive Sulphide Copper Intercepts at Collerina, page-13

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		Mineralization	Symbol	Low Grade	Medium Grade	High Grade
1	Base Metals	Cobalt	Co	less than 1%	1% – 2%	over 2%
2		Copper	Cu	less than 0.5%	0.5% – 1.5%	over 1.5%
3		Iron Ore	Fe	less than 25%	25% – 35%	over 35%
4		Lead	Pb	less than 2.5%	2.5% – 10%	over 10%
5		Molybdenum¹	Mo	less than 0.15%	0.15% – 0.5%	over 0.5%
6		Nickel	Ni	less than 1%	1% – 2%	over 2%
7		Zinc	Zn	less than 2.5%	2.5% – 10%	over 10%
8	Energy	Uranium²	U₃O₈	less than 0.15%	0.15% – 0.40%	over 0.40%
9	Fertilizers	Phosphate Rock	P₂O₅	less than 25%	25% – 30%	over 30%
10		Potash	K₂O	less than 20%	20% – 25%	over 25%
11	Precious Metals	Gold	Au	less than 1.5 g/t	1.5 g/t – 5 g/t	over 5 g/t
12		Palladium	Pd	less than 1.5 g/t	1.5 g/t – 5 g/t	over 5 g/t
13		Platinum	Pt	less than 1 g/t	1 g/t – 2.5 g/t	over 2.5 g/t
14		Silver	Ag	less than 10 g/t	10 g/t – 50 g/t	over 50 g/t

Ann: Significant Massive Sulphide Copper Intercepts at Collerina, page-13

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