PEX 4.17% 11.5¢ peel mining limited

"Significant high grade mineralisation..." Tyson Proactive Investors, page-44

  1. 173 Posts.
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    The recent releases give some cross sections with drill traces that explain the earlier results where some of the holes were drilled along the mineralisation rather than across it. I would suggest looking at the true intersections of the Southern Nights "beast" and then examining the depth and strike of the ore lens or lenses. Do some calculations for volume and plug in some density numbers for massive sulphide and semi massive sulphide. My earlier calculations point to a deposit as big, if not bigger than Hera but with much lower gold grade but higher zinc. It is my opinion that Southern Nights-Wagga Tank is a better option for development than Mallee Bull. The T1 lens at Mallee Bull is nice but the precious metal grades in the rest of Mallee Bull are not and without CSA mine copper grades you need gold in that part of the world to make a profitable mine. Southern Nights has the combined zinc-lead grades and probably just enough gold and silver to make it profitable. Down dip extensions are an unknown at this stage.
 
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