PEX 0.00% 11.5¢ peel mining limited

Ann: $6m Share Placement to Accelerate Southern Nights Drilling, page-48

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  1. 563 Posts.
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    Thanks @whitepointer. I would like to understand the implications of whether there is "supergene" mineralization or not. Perhaps we have hit the sweet spot with the drilling thus far and the down dip extensions won't be so rich? Alternatively is there potential for a rich supergene zone closer to the surface (up dip)? I find it hard to believe that the results could get richer.

    I recall the supergene zone is normally limited the the zone just above the level of the water table (which may vary over time). There is reference to holes being terminated due to high water pressure which suggests the water table is encountered much higher up than where the rich mineralization is in each hole.

    @eshmun I would value your opinion. What are the chances that there is a copper orebody beneath the lead/zinc/silver at Southern Lights?
 
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