AZS 2.27% 32.3¢ azure minerals limited

Ann: High Grade Gold and Cobalt Confirmed at Sara Alicia, page-33

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  1. 4,839 Posts.
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    Hi aposteriori

    fwiw... the way I interpreted the results for S.A. is... it is narrow and steeply dipping which means underground mining to exploit it. It requires AZS to now find high grade continuations [and probably also repetitions] ... if they fail then this will never be mined.

    The ann states the deposit "plunges at a shallow angle" but the 3D modelling clearly shows it is about 45° and is [so far] only about 50 metres in diameter. The same modelling shows pockets of very high grade but it is contained in low grade surrounding rock [mostly 1.5 g/t] ... so any mining to be commercial will likely have to replicate the artisan approach of following rich veins. The extra unknown concerning the extent of artisan mining is another risk factor.

    A possible porphyry might radically alter things but then there is the matter that the tenement is small and isolated... to exploit a commercial porphyry it would require much greater control of the land.
 
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