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AGUINAGA - Nicholas Mather: "It looks like a ALUMBRERA magnetic...

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  1. 797 Posts.
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    AGUINAGA -
    Nicholas Mather: "It looks like a ALUMBRERA magnetic signature."
    Ref: "Solgold Identifies Aguinaga Prospect as a Major Target at Cascabel." Announcement 24 Aug 2015 www.solgold.com.au

    How big is Alumbrera?
    https://www.mining-technology.com/projects/bajo

    Quote:
    "By June 2009 the mine*s reserve base totalled 338 MT proven grading at 0.4% CU, 0.39g/t gold and 0.013% Moly plus 10MT probable 0.33% Copper, 0.3g/t gold and 0.015% Moly."

    Comment:
    So 338 MT @0.4% Cu [copper] vs Alpala Maiden Resource of 1.08 Bt @0.68% Cu Eq. [Ann:3 Jan 2018]

    In the last day or two, we have had news from CRU and the 12 miners.
    It was mentioned in the article that the co is drilling to provide value. A long time ago, I posted a link mentioning that when one sees a major, one had better drill quickly in order to get in the value.

    So, whilst many investors think Aguinaga is of important as before, it appears that the situ may have moved on faster to Trivino & Moran as per DGR Ann re: Hong Kong Mines and Money Presentation [earlier post] which could DOUBLE Alpala.

    Also, I posted an article [please check through] that the co wants to do cave blocking to protect their social licence etc rather than open pit.

    Situ is fluid so we have to see the latest info and news coming out since Solgold knows more than we do.

    11 April 2018
 
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