Australia's largest stock trading and investment forum Australia's #1 stock forum

AVZ

Click for more information

0.00%

78.0¢ avz minerals limited

The silence is deafening. Have I scared everyone off??

First 2 Last

Share
Profile

Follow
Gouldians

828 Posts.

286

27/02/18

23:13

Post #: 31397314
Share

Originally posted by Gouldians ↑

Has anyone done a rough calculation of potential resource size after 40,000m of drilling??

From my back of the envelope calculation, I found that there is no way to get a 400-500mt JORC as Klaus claimed possible.

My calcs below-
Width: Say 200m wide with 50m spacing requires 5 holes across.
Depth: Say 200m thick lithium with 50m of junk. So each hole to be 250m downhole. Very optimistic but bear with me. So each cross section of width will require 1250m of drilling.
Length: 40,000/1250 equals 32 rows. So we have 31 x 50 m spacing for 1550m strike length.

Total: 200 x 200 x 1550 x 2 (density factor?) = 124mt measured.

If anyone can shed more light on the situation that would be great because I can’t see how 1.2bt let alone 400-500mt is going to be achieved anytime soon unless they are targeting a inferred or indicated status.

Expand

The silence is deafening.
Have I scared everyone off??

AVZ Price at posting: 25.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

MM1

Geochemical work at Newington picks up gold and copper anomalies for Midas

PEC

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil

BGL

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

There are more pages in this discussion • 32 more messages in this thread...

First 2 Last

Add AVZ (ASX) to my watchlist