ALK (ASX) Share Price

Originally posted by NikolaL: ↑

I don't will be fair to quote Nic but in general their view was that south is the way to go with Boda.

Look, if you ask 10 Geos on how to proceed with a particular project you will end up with probably 7 different approaches. They all will interpret chemistry and orientation differently. This is why so many companies sold particular mines thinking there wasn't much left and then the new owner ends up discovering massive deposit that gives that mine another 10-20 years of life.

My view is Ian and the team at the Tasmanian Uni (I think they collaborate on this project as part of a larger study) must have seen something in the holes that guided them to the south.
I am not a geo so I use more simple approach in how I interpret this orebody. AT times this method proves to be right and at times it does not. But I think Ian and friends started to split hairs and missed the forest for the trees. It seems that way but we need few more drill results to confirm if I am right.

So I guided myself by narrowing down where the higher grade shoots were popping up and if there was consistency with follow up drills. If a drill missed the higher grades then I would look why. The area between 007 and 016 is consistently showing higher grades to the eastern side and I thought it would be logical to test this area first once they hit the really high grades with 007. Also, rest of the holes that hit the breccia are all north of 007 (except for 012). Perhaps 012 might have pushed them south? Can only speculate. The way I understand how this works is once fluids start escaping the porphyry intrusion (very often by breaking the roof of the chamber in a way of creating a breccia pipe) they will carry higher grades and as they start depositing these minerals and migrate further away from the source they will have less minerals to deposit - in our case Au/Cu/Mo. These fluids may have also carried Zn/PB/Ag and other minerals but those probably got deposited much further away as such minerals probably require different conditions (temperatures, pressure, rock chemistry, etc) to come out of solution.

So investigating those high grade shoots is making lot of sense to me if I am trying to find the source of this mineralisation. What really puzzled me and on this point I am really really scratching my head is ALK stated that their view is this breccia strikes north/west and plunges east/north. So why did not test the north/west strike but only tested the south/east. Basically they should have tested both sides of 031. That is, to me at least, the person making decisions where to drill is simply not making sensible calls and if they continue like this then it will take few years to prove proper deposit.

Could be just me but when I compare how aggressive BGL and CEL are with their drilling, ALK looks like a rookie trying their first hole.. lol And to remember CEL and BGL depend on investors funding while ALK have their own gold mine to fund these activities. Yes, cash reserves would have been $10m lower and yes, we would have end up with few nothing burgers holes, but at same time we would have been few light years ahead with understanding what we have on our hands.

I noticed same around Boda 2. There are few holes that produced interesting intercepts but are we following up on them or drill away from them?

Expand

Ian is a director so he may not be involved in the day to day management ie someone else (ie a geologist which would exclude Nic) maybe deciding on where to drill. However, I would have expected the board (ie Ian) to be signing off the drilling strategy at Boda.

No.	Vol.	Price($)
5	97843	53.5¢

No.

Vol.

Price($)

97843

53.5¢

Price($)	Vol.	No.
55.0¢	85410	4

Price($)

Vol.

No.

55.0¢

85410

No.	Vol.	Price($)
4	22843	0.535
9	88050	0.530
3	7584	0.525
7	15887	0.520
3	54825	0.515

No.

Vol.

Price($)

22843

0.535

88050

0.530

7584

0.525

15887

0.520

54825

0.515

Price($)	Vol.	No.
0.550	85410	4
0.555	14312	1
0.560	32000	3
0.565	24028	3
0.570	62887	6

Price($)

Vol.

No.

0.550

85410

0.555

14312

0.560

32000

0.565

24028

0.570

62887

(20min delay)
Last 53.5¢		Change -0.015(2.73%)		Mkt cap ! $322.8M

Open	High	Low	Value	Volume
55.0¢	56.0¢	53.5¢	$719.5K	1.314M

Share Price, page-1229

Shekel Brainweigh and Calmer Co lead innovations in the retail space

Recce scores US$2M deal from US Department of Defense for burn wound infections gel

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Aldoro shares jump 47% on news of strong niobium recoveries from Namibia play

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Share Price, page-1229

Top Stories

Shekel Brainweigh and Calmer Co lead innovations in the retail space

Recce scores US$2M deal from US Department of Defense for burn wound infections gel

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Aldoro shares jump 47% on news of strong niobium recoveries from Namibia play

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News