AGR aguia resources limited

It was disappointing to hear that AGR didn't core the first 56m...

  1. 227 Posts.
    It was disappointing to hear that AGR didn't core the first 56m of the formation - we will have to wait 2 weeks.
    Simon Taylor did make a very interesting point in the announcement reagrding the recent drill results from the Rio Verde hole.. This hole is located 4km south east of hole 2 that AGR will be drilling. The results were very impressive - they hit 2 sylvinite bearing zones with thinkness of 12.97m and 5.05m starting at 1170m. They also hit a carnallitite bearing zone with a total thickness of 61m for a total of 79m of potash mineralization...
    These resuts are substantial and go a long way to proving up a resource..
    If AGR hit anything like this you would see a re rate of the SP - AGR has only promoted a carnallitite resource... They expect to have hole 2 finished late jan 2012... I would not be going anywhere until these results are released..
 
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