on silver & gold here are some historical results ... let's see how these compare to the upcoming results
"In 1980, Seltrust Mining Corporation Pty Ltd carried out an initial geochemical rock chip and auger sampling programme with limited success. Of particular interest was their report of high silver values of 10.4g/t and 14.3g/t respectively from the Thaduna and Green Dragon mines."
some time later ....
"New Consolidated Goldfields assayed the first three holes (GDl to GD3) completed at Thaduna for gold and silver. The holes were not anomalous in gold, however, GD2 intersected a true width of 4.25 metres @ 59 ppm silver and GD3 intersected a true width of 3.35 metres @ 31 ppm silver. The silver-bearing mineral in the deposit was not identified."
and while I'm here have a look at the Thaduna lode ... this ties in with the latest drill results.
lode in dark green
There is a parallel lode section showing in the above which fits in with the cross section supplied by the company around holes 38 & 39.
The trick now is to work out how much $$$ in copper is down there.
here's a generous guesstimate from VRX's drilling results
Say cu.m. = 1500(L) x 120(H) x 20(W) = 3.6M cu.m. SG, say 2.5 then 9Mt of ore Grade, say 1% then 90Kt of copper. Recovery, say 90% then 81Kt Cu. Current market price in-situ = $729M
VRX Price at posting:
46.8¢ Sentiment: None Disclosure: Not Held
