VMC 2.53% 8.1¢ venus metals corporation limited

Ann: Kangaroo Kaves Drilling Update- Vanadium Extensions, page-7

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  1. 3,055 Posts.
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    Another terrible share market release. Like...what are the intersections that they have returned? Can't see them anywhere in this smashed crab of a presso. So I've had to calculate it myself, and provide it for the erudition of you long suffering share holders and the management, who clearly haven't done the work themselves.

    NB: minimum 2m, lower cutoff 0.3% (because 0.2% isn't economic no matter what LOLOL), max 4m internal waste
    • KK01 4m @ 0.42% from 0m
    • KK02 8m @ 0.32% from 20m
    • KK03 24m @ 0.46% from 0m
    • KK04 30m @ 0.47% from 0m AND 11m @ 0.46% from 34m to EOH
    • KK05 18m @ 0.58% from 32m
    • KK06 14m @ 0.49% from 0m
    • KK07 26m @ 0.37% from 0m AND 10m @ 0.42% from 30m
    • KK08 5m @ 0.48% from 34m
    • KK09 10m @ 0.41% from 0m AND 8m @ 0.47% from 14m
    • KK10 10m @ 0.37% from 2m AND 6m @ 0.46% from 18m

    And, if you're concerned about Table 1 disclosures, then this is a disaster, too. They neglect to mention any QAQC. So these holes would either had QAQC, as one would expect from a mineral exploration company reporting to the ASX in 2019, or they didn't do QAQC and when the next round of exploration happens, these holes cannot be used in resource calculations because they don't have standards, duplicates and blanks. So, thinking ahead at all stages here.

    Plus, I mean, I don't know about anyone else, but it's abundantly clear that they didn't drill the peak magnetic anomaly. When you're drilling for...magnetic magnetite...the low hanging fruit is to drill the peak of the magnetic anomaly...so...???
 
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