PXX 12.5% 0.7¢ polarx limited

Ann: Up to 3.2% copper & 9.3g/t gold drilled 100m under Resource, page-16

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  1. 11,185 Posts.
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    If you think 3.2% Cu over 1.4m at a downhole depth of 286m is a high grade or a payable copper grade then you are welcome to think that or for that matter that the 0.6% Cu grades over the wider 25.5m amd 13.9m intervals are economic at that depth.

    I had said this

    https://hotcopper.com.au/threads/an...neralisation.4342770/page-51?post_id=34885995

    There are no massive sulphides indicated in any of the cores from the recent drilling. The disseminated bornite is very unlikely to produce high grades. At best it will produce grades of similar tenor to what has already been discovered which will need to be shallow and open pittable to produce results of economic interest.”

    My statement remains true IMO.

    If but not for the gold and silver in that narrow intersection it would no doubt be left in the ground. Whether the gold and silver make it payable at that width and depth is no forgone conclusion. Given the contact is steeply dipping those intersections are unlikely to be true width and I don’t see them mining this intersection UG or it contributing to an economically meaningful extension to the Zackly resource. For me these results aren’t payable. You can think whatever you like.

    They better bring on their porphyry theories and targets pretty soon or they will be dead in the water with this prospect in my opinion. Esh
    Last edited by eshmun: 21/08/18
 
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