unlikely IMO from the first three holes
Interesting comment Jim are you fully comprehending -see below for consideration.
IMO-OGX its extremely likely OGX will very soon prove its self to market that its more
than a one tick pony.
Don't obsess with cascavel alone- its potential is exciting of course & -revenue generation is
welcomed & needed- though discovery through exploration adds in-ground value & widens scope.
Make no mistake an additional significant discovery would see the share price rocket .
DRILLING COMMENCES AT ANTENA - XUPE DEPOSITS
For further between the lines comments if any holders interested that missed post over weekend
Post #: 32738329-28/04/19.
Is it interesting the depth that antenna is being Diamond Drilled ?
11 holes -1600mts-Thats an average of 145 mts per hole !
Look at the pit depths dug & mined by troy resources very shallow indeed
check the depths in table below.
The POG at the time did not justify expensive exploration -its just not even close to plausible
that any miner would up & leave Antena -XUPE deposits in today's world with its known
exploration potential with the current POG ( price of gold)
Especially given the deposit has been determined as being OPEN IN ALL DIRECTIONS !
Look at the comment Quote-
some of the "most positive drill holes" intercepted ore
that has not been mined yet, Opening the potential for remaining resources.
Now look again at the results in the table below & ask a simple question,
What are OGX referring to when they made that comment ?
Given the price of Gold at the time imo its clearly refers to hole
GVP-109 -
28 mts with a
16 mt intercept -wow !
note the 2mts at 17.4 g p/t at
23m-25 mts depth.
So OGX is D.D. 11 holes at an average depth per hole of 145 mts ?
|
Column 1 |
| 1 |
GVD214: 4.5m @ 8.12g/t Au (10.5m - 15m) inc 1.12m @ 25.73g/t Au (12.63m - 13.75m) |
| 2 |
GVD216: 3m @ 6.99g/t Au (0m - 3m) inc 0.97m @ 15.38g/t Au (1m - 1.97m) |
| 3 |
GVD220: 3m @ 8.31g/t Au (0m - 3m) inc 1.26m @ 12.75g/t Au (0.8m - 2.06m) |
| 4 |
GVD221: 5m @ 13.96g/t Au (0m - 5m) inc 1.68m @ 22.96g/t Au (0m - 1.68m) |
| 5 |
GVD222: 10.45m @ 6.25g/t Au (3.9m - 14.35m) inc 1.55m @ 14.01g/t Au (7.04m - 8.59m), inc 1.17m @ 14.47g/t Au (11.93m - 13.1m) [/SIZE] |
| 6 |
GVP100: 9m @ 8.85g/t Au (0m - 9m) inc 5m @ 14.03g/t Au (0m - 5m), inc 1m @ 26.64g/t Au (0m - 1m) |
| 7 |
GVP109: 16m @ 8.67g/t Au (12m - 28m) inc 3m @ 20.47g/t Au (13m - 16m), inc 2m @ 17.64g/t Au (23m - 25m) [/SIZE] |
HOLDERS imo need to focus on all aspects of the OGX portfolio as exploration potential
is significant -why else do we think OGX-MGT have decided to pursue exploration as
aggressively as they are ?
Short answer is because of the potential to widen OGX's potential over & above of existing
operations alone .
TRY -clearly mined the shallow low strip ratio cream and it seems were
not prepared to expand exploration at the time.
Given the numerous at surface samples taken by OGX geo's ranging from as high as 54.9 g 9/t
& a 70 kg sample that returned 13.7 g p/t & mineralisation trends being determined as
being open in all directions clearly there is also scope for further shallow low strip
ratio extraction as well -
THANKS TROY !
ironically I was invested in TRY at the time -bugger-( still am )
JIM-"This is NOT wild card drilling" -OGX is well aware of mineralised trends & has
applied more advanced exploration knowledge & technics NOT common when
TRY mined these shallow pits -this increase's the probability of successful drilling
intercepts experientially rather than only conceptually-as said this is NOT first round
drilling into the unknown !-
TRY mined successfully high grade.
Hence I think your assumption that OGX will be lucky to get one good hole
is misplaced .
What of this comment was it absorbed by holders ATT it was made ?
Quote;
The deposit can be classified
as classic Orogenic Gold and
is regionally very similar
to the Serra Grande Mine deposit (+5Moz),
owned by Anglo Gold Ashanti in a Greenstone Belt in the same geological region-mmmmmm !
We will know soon enough with these results from the first 3 holes now over due
given its now been 7 weeks we could be receiving more that 3 holes.
imo-gltah
salt
