ALR 0.00% 0.4¢ altair minerals limited

Hi All, Clearly the results are not extraordinarily high, but...

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  1. 101 Posts.
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    Hi All,

    Clearly the results are not extraordinarily high, but nor are they dusters either. Bear in mind they have only drilled five holes, with three pretty closely spaced away from the two more promising holes.

    By way of assessing a resource, it is not a sensible measure to try to average out down hole values, which is what those tables in the announcement represent. It is the grade, thickness, span and accessibilty of any veins found that matters.

    There is clearly a vein somewhere between about 2 and 12 meters. The top part of Great Central GC19 and 20 are clearly not great, but the holes with the reasonable values GC5 and WM03 are floating out on their own at the moment. Whatever is there does not appear to be deep which is encouraging, but the topography will likely have some effect one way or the other.

    Cheers.
 
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