thanks
@Zinzo
i followed this last year but was disappointed with the initial
Level 5 results & exited last year
yesterday i noticed zinc was near US$1/lb so i thought to check CZL out & was very impressed with their Level 7 results and bought some
however, after doing more thorough research yesterday, i decided to exit today (although I am not judging CZL as bad)
worse,
@cdchi1 is now on board therefore this is a good omen
for CZL holders (and bad omen for me
)
the
Level 7 results are very good. they are meeting their target of an average width of 3 metres and
surpassing their grade
target of average 25% zinc-lead & 70g/t silver. below is table, which i made & thought I would post for CZL shareholders (since I did the work & put it to good use)
i suppose the short coming for me is the drilling CZL has done so far seems
slow (which is probably why CZL just announced today: "
Mining contractor engaged to fast track development for additional drilling positions"...)
they have drilled around 200 metres of Level 7, per today's diagram & have colored the Level 7 deposit about 30 metres wide. 200m long x 30m wide x 3m think x SG of 3.2 =
57,600 tonnes @ 45% zinc equivalent (wow! that is high grade)
they have existing plant to process 200 tonnes per day so the drilling so far, based on my rough doodling, has found 22 days or 10 months supply
at the current rate, it may take a while to drill this out to JORC and, based on Level 5 experience, there are no guarantees
however, as i have said, the
Level 7 grades have been outstanding (45% grade average) so i post my table
note: I have ordered the drill holes from west to east
