Australia's largest stock trading and investment forum Australia's #1 stock forum

AZS

Click for more information

2.27%

32.3¢ azure minerals limited

Ann: High Grade Gold and Cobalt Confirmed at Sara Alicia, page-34

First 34 Last

Share
Profile

Follow
tangs

1,246 Posts.

88

31/05/18

16:15

Post #: 33410344
Share

Originally posted by Dazedandconfused ↑

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.

Expand

Yes , again I agree !
However , while it looks unlikely to ever be big enough to support a mill a mining operation is another matter if it can be trucked somewhere .
Grade seems promising and does start near surface so even as a small deposit would be a pity to leave it in the ground .

AZS Price at posting: 23.5¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

ME1

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

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

BNL

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

BTH

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

EDE

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

HotCopper Highlights: Your most watched stocks for Week 46, 2024

AUN

Cyclone signs MOU with Vale for development of Iron Bear play

GRL

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

AN1

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

LYN

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

There are more pages in this discussion • 61 more messages in this thread...

First 34 Last

Add AZS (ASX) to my watchlist