MRX 0.00% 0.7¢ matrix metals limited

resource increase, page-9

  1. Acturtle,

    You don't apper to have read beyond the opening paragraph of yesterday's announcement. Here's an extract that I believe answers your query:

    "... The Eastern zone resource, which was calculated by the Kriging
    Method, is now predominately (80%) categorised as Measured Resource
    achieving the prime aim of the March RC drilling program.

    A summary table of the Mt Watson resources is presented below:

    MT WATSON DEPOSIT
    SUMMARY TABLE OF RESOURCES

    CUTOFF TONNAGE GRADE
    % GRADE TONNES %Cu

    Measured 0.5 775,000 1.0%
    Indicated 0.5 470,000 1.0
    Inferred 0.5 350,000 1.2

    Total 0.5 1,600,000 1.1

    The drilling program and subsequent analysis work has been successful
    in providing confirmation of the geological interpretation of the
    Eastern zone resource area. The resource is characterised by being
    continuous to the base of oxidation, continuous over its entire 500m
    length and indicating healthy mining widths of between 20 and 50 m ..."

    I guess the measured resource of 775,000 tonnes sounds like an unreasonably "rounded" figure to your hard-bitten ear. But I think most fair-minded individuals would accept a degree of rounding.
 
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