ZGM 0.00% 0.6¢ zamia metals limited

sleeping maybe even dead help needed re grade

  1. 90 Posts.
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    Hi all,wondering if anybody less thick than myself could explain the following regarding a stock that has been sleeping as if dead-ZGM-Zamia Gold.

    Released news today re Moly grades and not sure if good or not,please see below from statement and explain the mo3 verses moly bit,any help appreciated thankyou

    From Announcement--

    Hole From (m) To (m) Width (m) Mo (ppm)
    DBT 22 66 129 (EOH) 63 219
    including 108 111 3 759
    and 120 123 3 553
    DBT 23 0 105 (EOH) 105 184
    including 57 60 3 837
    and 102 105 (EOH) 3 622

    Please note that the values quoted are for Mo alone NOT Mo equivalents or MoO3 as
    quoted by a number of other companies.

    Large deposits either at the feasibility study stage or under construction (such as
    Spinifex Ridge, WA or Ruby Creek, Canada) have resource grades of 600ppm to
    800ppm Mo (ppm equals parts per million, 1000ppm = 1kg/tonne) and use cut off
    grades of about 300ppm Mo.
 
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