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10:48
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Originally posted by retrac
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Zinc was up strongly again on friday reaching a 16 month high on supply concerns. Copper was also up strongly but I want to focus on Zinc and Lead as most of the talk has been focused on Guchab and our copper prospects.ASX ANNOUNCEMENT & MEDIA RELEASE 24 January 2012 BORDER RESOURCE EXCEEDS 16 MILLION TONNES A maiden high-tonnage, moderate-grade JORC compliant inferred mineral resource has been calculated for the Border Deposit of: 16.2 Mt @ 2.12 % Pb+Zn and 4.76 g/t Ag (1.25 % Pb+Zn cut-off). ► Over 31 Mt at a 0.5 % Pb+Zn cut-off. Over 343,000 t of contained lead and zinc metal (1.25 % cut-off). Mineralisation is easily upgraded and treated, and responds exceedingly well to beneficiation by dense media separation. Initial high-level scoping study shows the deposit can be economically viable. Low-cost open pit mining. Border and the Pavian Trend, together with Driehoek, potentially constitute a number of large tonnage, moderate grade resources which can be easily mined and treated through a centrally located processing plant. Metallurgical testwork Sabre has completed detailed metallurgical test work on the Border deposit. The test work was undertaken based on the possibility that the mineralisation might respond well to upgrading by dense media separation (DMS), thereby greatly reducing mineral processing costs. The test work was a great success. The beneficiation tests show exceptional upgrading of the ore, producing in excess of 80 times the original lead content, and around 37 times the original zinc content when DMS is followed by grinding and flotation. Final concentrate grades are around 65 % lead and 61.5 % zinc (from an ore grading 0.77 % Pb and 1.66 % Zn), with final recoveries of 86.9 % and 81.7 % respectively. ASX ANNOUNCEMENT & MEDIA RELEASE 25 January 2012 HIGH GRADE OUTCROPPING BASE METALS DISCOVERY AT SOUTH RIDGE ON THE PAVIAN TREND 14 m @ 10.96% Pb + Zn (9.80% Pb, 1.16% Zn) from channel sampling. Mineralisation over 50m thick, continuing for over 1.5km of strike. Located just 5.7km along strike to the east of the Border deposit. Potential to be a substantial base metals deposit. VERY ENCOURAGING RESULTS FROM DRIEHOEK Diamond drilling completed at Driehoek East. ► Results to be incorporated into a JORC resource. Channel sampling completed at Driehoek North. Results include: ► 65 m @ 5.46 % Pb+Zn, including 19 m @ 8.97 % Pb+Zn (DKCS0008) ► 201 m @ 2.71 % Pb+Zn, including 5 m @ 17.95 % Pb+Zn (DKCS0007) Diamond drilling now in progress at Driehoek North. Channel sampling now in progress at Driehoek South.
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Again , a great post Retrac .I have had my eye on the Zinc space for some time , and I know ( from conversations that I have had spanning several months ) that SBR have as well . But , as my boyfriend says , " timing is everything ! " .
