NAG 35.3% 2.3¢ nagambie resources limited

Let's look at this statement "The principal qualification with...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 2,390 Posts.
    lightbulb Created with Sketch. 307
    Let's look at this statement

    "The principal qualification with the 3D model is that the significant widening of the IP chargeability aura to the west of the West Pit is not indicative of increasing relative width of the sulphide mineralisation causing the aura, although some increase in width could occur.  Rather, the significant increase in the width of the aura to the west is mostly indicative of the increasing intensity or grade of the sulphide mineralisation giving off the IP chargeability aura."

    So looking at Fig 2 we can see
    1) the Nth-Sth width of the aura at the East Pit is about 200m and likewise at the West Pit
    2) the Nth-Sth width of the aura at around 400m west of the west pit is much wider - about 2 kms
    3) But the width N-S is "indicative of the increasing intensity or grade"
    4) It's 10 x wider (2km c/w 200m) - so 10x higher grades of sulphide mineralisation
    5) Sulphide Mineralisation may or may not indicate Gold, but the grades of NAD002 & 3 will answer that.
    6) If the average grade of NAD002 & 3 is say 2 g/T that's indicative
    7) So 400m to the west of the West Pit the grades are likely to be 10x 2g/T, that is around 20 g/T.
    8) If all that is true (it's a hypothesis at this stage) then that's where the Motherload is.
    9) The motherload is likely to be at least 1km wide from East to West - maybe more
    10) The Nth-Sth width of the Motherload is unknown - the 2km aura is not indicative of area.​

    So how quickly can the get into drilling 400m west of the West Pit? The target is narrowing.​

    Hypothesis.PNG
    Last edited by JetBlue: 20/09/18
 
watchlist Created with Sketch. Add NAG (ASX) to my watchlist
(20min delay)
Last
2.3¢
Change
0.006(35.3%)
Mkt cap ! $15.93M
Open High Low Value Volume
2.0¢ 2.5¢ 2.0¢ $306.8K 13.37M

Buyers (Bids)

No. Vol. Price($)
3 510000 2.2¢
 

Sellers (Offers)

Price($) Vol. No.
2.3¢ 499999 1
View Market Depth
Last trade - 16.10pm 27/11/2024 (20 minute delay) ?
NAG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.