G'day again elixer8-As ABU has no ore to process, as ABU is not currently mining .
When the Bumblebee discovery was announced that initial air-core drilling of a multi-element
surface geochemistry anomaly returned significant precious and base metal values,
including- 7 metres averaging-3.3g/t gold, 37.7g/t silver, 3.2% copper, 0.9% lead,
1.3% zinc and 0.08% cobalt approximately 30 metres below surface.
ABU investors had there provisional vision dulled, as the primary focus
by investors was Old Pirate, this was at the time both understandable & regretful as
those that have suffered & bailed imo stand to receive not just a financial hit but
a high likely hood of an emotional double up whammy if either ABU's extensional
or IGO's drilling campaign come up trumps.
Just because others had not noticed ATT-of the O/P debacle , in no way impedes
the potential & significance of ABU's or potentially the greater IGO's-discoveries'.
imo many that were aware & patiently been sitting on the sidelines have began
taking a position & or increasing there holdings in ABU, as can be seen in the most
recent top 40 holding's .
The actually of drill core's, the EM survey-IGO's commitment speak for its self,
IGO having firstly defined shallow discovered elements-being valuable multi-elements
Gold, Silver, Copper, Zinc, Lead & cobalt..
Further initial discovery & as recently ASX announced 26-March this year,
IGO completed a Geophysical Survey the electromagnetic survey results determined
there was a Strong & clear conductor target identified as 500 mts in strike length.
The modelled conductor displays characteristics consistent with being associated with
mineralisation -middle plate commencing at 110mts & being unconstrained in depth
extending up to 400mts deep.
Since first drilling discovery & more recently the March EM survey-IGO has
purchased a 9% stake in ABU & committed themselves to 6million AU in
exploration & commenced drilling series of diamond holes at the
Bumblebee Prospect, results pending .
elixer8 , You should read relevant IGO-ABU ASX-release's & become more informed,
you will likely be surprised & less likely to react to emotions that are for the most part
relevant to the previous- ABU-BOD & Old Pirate.
There is additional info contained in the ABU-H.C. thread -Bumblebee's & The Districts Potential
If Invigorated/Interested -Do Some More Of Your Own Research.
Suggest having a look at Sirius -Nova Discovery its interesting in that was also a multi-element
discovery- of significant large volume 450mts in strike length & 1,000 mts depth.
Its also very interesting that IGO our Bumblebee Joint Venture partner purchased the Nova
Deposit -primarily elements nickel & copper for 1.8 Billion, Sirius share price rose from 5c
to $5.00 in just two & half months.
Bumblebee is reported as being -
Multi-element surface geochemistry anomaly Metal association & geology indicate analogiesThese ore bodies range from around 10 million tonnes of contained ore, to 4,000 million tonnes
to Cloncurry style iron oxide copper, gold-(IOCG) deposits.
From Wikipedia-Iron oxide copper gold ore deposits-IOCG
or more, and have a grade of between 0.2% to 5% copper, with gold contents ranging from 0.1 to
3+ grams per tonne (parts per million).
These ore bodies tend to express as cone-like, blanket-like breccia sheets within granitic margins,
or as long ribbon-like breccia or massive iron oxide deposits within faults or shears.
The tremendous size, relatively simple metallurgy and relatively high grade of IOCG deposits
can produce extremely profitable mines.
DYOR-salt
- Forums
- ASX - By Stock
- PRX
- Share Price
Share Price, page-39
-
- There are more pages in this discussion • 26 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PRX (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.235M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $500 | 250K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 570000 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 25637389 | 23 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 570000 | 0.002 |
19 | 75823422 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 25637389 | 23 |
0.004 | 5788859 | 6 |
0.005 | 889000 | 1 |
0.006 | 166666 | 1 |
0.010 | 540000 | 1 |
Last trade - 10.50am 13/09/2024 (20 minute delay) ? |
Featured News
PRX (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online