Evidence based speculation, page-85

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Midnight26

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25/07/18

12:11

Post #: 34553796
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Originally posted by Midnight26 ↑

Those figures from SolGold's Cascabel deposit sound familiar. Similar sort of scale as Ema (2km wide) and Tres Estados (800m wide), but the BBX deposits have got a much larger strike potential (+10km) and who knows how deep they go.

"Drilling to date indicates a true width of the mineralised envelope of up to 800 metres, a length in excess of 1500 metres and over 1800m vertical extent from surface." That volume contains 1.08 Bt @ 0.68% CuEq (7.4 Mt CuEq) at 0.3% CuEq cut off.

1Bt sounds familiar too. Sounds like one of those 'outlandish' numbers that I've thrown around. Shame about the terrible grades huh? That's ~0.9g/t AuEq.

"SolGold believes its Cascabel copper-gold project, 180 km north of the capital Quito, may become one of the largest copper-gold porphyry systems ever discovered."

http://www.solgold.com.au/ecuador/

In case you missed it, our 50 metre hole #3 at Tres Estados lobs at number 6 on the chart below with a gram-metre hit of 1928gm to EOH from only partial extraction results that undercall the true grade. Most of the holes below are ~1km deep.

Some familiar names on here: Wafi-Golpu, Oyu Tolgoi, Bingham Canyon, Cadia...

View attachment 1208170

Expand

Oops, I'm comparing AuEq gram-metres to CuEq %-metres used in the table.

1928gm AuEq = 1389%-m CuEq which puts us at #11 instead of #6 on that table.

Still, if our hole was 100m deep like the Ema holes we could make it to the top of the table!

BBX Price at posting: 15.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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Evidence based speculation, page-85

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