SOC 8.00% 11.5¢ soco corporation ltd

cwilliamsAgree, width is the final piece of information to...

  1. 23,919 Posts.
    lightbulb Created with Sketch. 752
    cwilliams

    Agree, width is the final piece of information to validate this deposit and start throwing some reasonable values on both Hobbs Pipe 1 and the 4 - 5 other potential pipes in the system.

    As an example of just how the width can effect the resource based on the depth of 900m based on the previous example:-

    120m = 2.7Moz+

    200m = 4.5Moz+

    Obviously the angle of this drill can only expose so much width on this run to depths of 900m (another less steeply angled hole could extend it to 200m wide at these depths in theory), but if they stay in the mineralised zone past 900m towards 1200m then you are starting to add another 60-70m or so of width and substantial ounces given the huge tonnage added.

    So a depth of 900m with a width of 120m gives us a minimum 2.7Moz. This can be substantially increased by drilling less angular holes down to 900m and seeing just how wide it opens up.

    Just as an FYI on rough calculations, for every 10m you add to the estimated 120m of width at a depth of 900m on those calculations, you are gaining over 225,000ozs ... hence why the width is so important



 
watchlist Created with Sketch. Add SOC (ASX) to my watchlist
(20min delay)
Last
11.5¢
Change
-0.010(8.00%)
Mkt cap ! $15.92M
Open High Low Value Volume
12.0¢ 12.0¢ 11.5¢ $3.518K 30K

Buyers (Bids)

No. Vol. Price($)
2 87271 11.0¢
 

Sellers (Offers)

Price($) Vol. No.
14.5¢ 25000 1
View Market Depth
Last trade - 10.12am 25/07/2024 (20 minute delay) ?
SOC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.