Ann: Exploration Update, page-31

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Midnight26

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12/05/18

14:22

Post #: 33054205
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Originally posted by tubber ↑

You do realise that these are not drill assays, don't you? The announcement is "Metallurgical Extraction...." and that is covered by a different section of the JORC code, it doen't require quality control checks and balances, under JORC these results are meaningless until assay results are available for the drilling, the RC and diamond drilling finished over 6 mths ago and they have not been able to release any drill assays.

IMO the reason why the SP dropped is the faithful are relying on a pilot plant producing gold and thereby circumventing the need to approach the project in the conventional manner, ie prove up a resource and the mine plan etc, the faithful believe that BBX will jump to the final step and produce gold at the start of the process, kind of a cart and hourse arrangement, but one where the horse is infact a mystical unicorn that shits gold and pisses platinum.... Since there is no mention of the pilot plant those who bought in recently on gamble have fled.

Tubber

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Further Work

Key work is to develop in house and/or at a commercial lab a reliable analytical method for this complex style of mineralisation and recommence diamond drilling over the hydrothermally altered dolerite.

In parallel, metallurgical pilot plant testwork is continuing to define a commercially viable extraction technique
BBX Price at posting: 20.5¢ Sentiment: Buy Disclosure: Held
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Ann: Exploration Update, page-31

Top Stories

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

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Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

Cyclone signs MOU with Vale for development of Iron Bear play

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Banshee's historic trenches prove rich in antimony and gold for GDM