Sorry, you've chosen a bad example. Axiom is laterite, not...

First 40 Last

Share
Profile

Follow
Ellendale

407 Posts.

36

26/11/15

15:27

Post #: 16485566
Share

Originally posted by Aussierat ↑

MPJ using the term "Thick Zone of Nickel Sulphide"

Note other nickel companies using the same termonology

Axiom Mining (AVQ) remains on track to deliver a JORC Resource at its Isabel Nickel Project in the Solomon Islands after drilling continued to return thick zones of mineralisation.

- 15.5 metres at 1.66% nickel from surface including 10 metres at 2% nickel from 3 metres;
- 17 metres at 1.69% nickel from 1 metre including 12 metres at 1.96% nickel from 5 metres; and
- 19 metres at 1.62% nickel from surface including 14 metres at 1.89% nickel from 1 metre.

Isabel is considered to be one of the largest nickel laterite deposits in the Pacific with a historic non-JORC Resource estimate of 159 million tonnes at 1.045% nickel and 0.07% cobalt.

MPJ does not need 7% nickel results, as above if you have a lot of nickel sulphides at 1-2% you have a mine.

I raise the point again - Did MPJ hold back information (waiting for true assay results) when they used the words THICK ZONES OF NICKEL SULPHIDES.

At .002 for oppies, its a cheap assumption

Expand

Sorry, you've chosen a bad example. Axiom is laterite, not sulphide. It is open pit mining using excavators, not underground hard rock mining using drill and blast, and it's intervals are of Grade Assay results over that entire interval, not spot XRF results of highly selective sulphide spots. Two different things all together.

MPJ Price at posting: 0.6¢ Sentiment: None Disclosure: Not Held
5 Upvote

0 Great analysis

Reply

Top Stories

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

LYN

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

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

AN1

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

EDE

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

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

AUN

Cyclone signs MOU with Vale for development of Iron Bear play

ME1

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

GRL

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

There are more pages in this discussion • 6 more messages in this thread...

First 40 Last

Add MPJ (ASX) to my watchlist

Sorry, you've chosen a bad example. Axiom is laterite, not...

Top Stories

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

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

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

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

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

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

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

Cyclone signs MOU with Vale for development of Iron Bear play

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

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