UXA's interest at Dome 5 is far from being considered commercial. Depths around 320 metres and thickness of deposits from as low as 0.3m up to 3.5 metres. zinc levels average around 20% in places down to UXA's recent find of 3.5 metres at 3.4% - a few Teck drilled holes graded less though there was some silver and very significant lead.
Some feel that an average 4.5% zinc and perhaps 4% lead with reasonable silver grades over an average 3 metre thick seam could make this commercial. Though the 1km square drilling area is being expanded and it needs to be to have a chance.
Zinc prices have risen 4% in the last day and a bit, so that augers well.
MD Dr Penney is known as "Doctor zinc" and he is the one to make all this successful.
UXA Price at posting:
2.7¢ Sentiment: None Disclosure: Held