- 'has a geochemical footprint more than four times larger than that at Border’ – Sabre
- over 2.8km long, and up to 250 m wide
- If it connects with the Southridge Prospect, it may be a further 1.5 km long.
[2] Grade at Toggenburg? Too early..but potentially higher than border and better in the east.. - ‘maximum combined zinc and lead values in excess of 2.9%. These results are high for the near-surface depletion zone and correspond with visible sulphides on the easternmost line of the program.’ – Sabre
- ‘Notably, the zinc+lead response over Toggenburg is significantly stronger than in the uppermost bedrock at Border.’ – Sabre
[3] Like Border; Toggenburg may be very easily/cheaply benificated by DMS. - Border 30.0 Mt @ 1.10% Zn, 0.40% Pb and 3.37g/t Ag (0.5% Zn+Pb zut-off)
- Prior to Float, DMS can upgrade ore at Border 8.2X Times for Lead, and 7.5X for Zinc, yielding a product grade of 6.3% Lead, and 12.5% Zinc.
- IF Toggenburg proves to be over 4 times larger than border, then a combined potential of around 150mT of ore is on the cards...and combined Zn/Pb of 2mT. Early days, but watch this space...
[4]What is a 2mT Zinc/Lead desposit worth?
- Well Vedante forked out US$700+ mil for the open pit Skorpion Deposit in Namibia and created the 8th largest Zinc mine in the world (by production).
[5] Zinc should outperform other base metals..
- Curenlty around US$2100 per tonne, some analysts forecast it to move towards US$4000 per tonne over the coming years.
[5] Who are looking at Zinc?
Everyone will be, current producers are wanting to sustain their production ambitions, traders whom like the Zinc story, and even Copper miners are seeing the light and moving away from their sole investment mandate of copper, especially when it restrains them from investing in the mixed sedex Cu/Zn/Pb deposits etc..
Most notable is how the more aggressive players like Nyrstar and Glencore move early on juniors and don't mind taking on explration risk...but interestingly is that Verdante have the Skorpion mine to the south which is about to expire, and they have production facilities that im sure they want to utilise moving forward...but then again there is a lot of underutilised infrastructure in this part of the world to create metal so fundamentals in that regard look good..
Sorry for the waffling on...Sutto.
SBR Price at posting:
3.1¢ Sentiment: Hold Disclosure: Held
