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Thanks Xeiger - fair point.
Ella, first para under highlights refers to 173m copper mineralisation. I guess it's a short hand later to avoid repetition.
I agree CE an interview for each hole would be overkill.
Anyone want to tell me it's not wishful thinking when I point out that the latest RNS doesn't specify the type of mineralisation in the veins of the core.
'BRDD-21-007 was drilled at an angle of -55 degrees towards the northeast. Multiple porphyry units were intersected and disseminated chalcopyrite copper mineralisation was persistent throughout the hole from 46m depth. Stronger vein/disseminated mineralisation was developed over a 173m interval between 239m-412m depth in the core of the system. Detailed logging and core cutting are in progress to prepare samples for laboratory analysis.'
Speak on the devil ... Vox markets
CB's done an interview - but for BZT rather than us - a bit much for us to expect an interview for every hole, I think?
Come along Birdy. Wheres t’interview?
Theres 3 of your companies with decent news today. Investors are craving the dulcet northern excitement. Dont be letting monday slip by without a fireside Mir chat
Would be good to get a drill sequence plan / map as we’re still playing pin the tail on the donkey.
Whilst we’ve got a rough idea, unless we get sequence it’s difficult to rate how successful the drill has been.
Iceberg,
I agree and I have thought from I saw the drill locations that the first 2 drills were looking for gold. They were shallow angled and seemed to be heading in the general direction of the 8g/t gold from BRC014.
Based on both drill 007 and 008 the contractors seem to be managing to drill about 50m per day - so that should help us to calculate the drill lengths as we wait for more news...
It's imminent!
Time hath, my lord, a wallet at his back,
Wherein he puts alms for oblivion,
A great-sized monster of ingratitudes:
Those scraps are good deeds past; which are devour'd
As fast as they are made, forgot as soon
Shakespeare from Troilus and Cressida,
So where's are next RNS then (lol)
LOL !
I've just seen your post capital. :)
As the angle was at -55 degrees, my understanding is that would be at an angle of 35 degrees from one side of the triangle. (ie 55 degrees going clock wise from the ground level which would be the x axis on a graph)
At 850m and at an angle of 35 degrees, that would mean the depth from surface would have been 696m. That's assuming I have understood the angle of drill into ground correctly !
I am also very happy with the drilling progress, it's a huge vindication of the jurisdiction, the location of bushranger and the proffesionalisim of the mining industry in OZ for all of this to come together so quickly.
Just look how long African assets take to make such progress.
Lucky, I remember they said it wasn't accurate for this type of deposit but it correlated pretty well for hole 1 from memory (please check!) It certainly wasn't a disaster.
This isn't a promise of even a likelyhood,just a speculative opinion.
There is talk of two sides of the intrusion (saddle). We know that waves of intrusion forcing occured.I still believe it looks like the earlier intrusions imprinted better mineralisation, whereas later intrusion waves were heavier but contained less mineralization. The later intrusions were high pressure and probably sourced and directioned in somaway by the fault..
If they are finding evidence of multiple intrusions waves (porphyry make up)then the chances increase of better earlier waves stillexisting with, and I say this with a guarded breath, maybe better gold....
I really am happy with the drilling to date :)
I hope we never hear anymore about the xrf machine! We were told the xrf was not accurate so why tell us the results. If the geologist are using it as a tool to help him then fine just don't tell us the xrf machine has said we have 2% copper and the the assays say 0.2%.
Hopefully they learnt that lesson in January too.
Also I am hoping they maintain a level of consistency when describing the key intersections, so far terms used and strong, particularly strong and well mineralised. First assays will help calibrate expectations in terms of copper content for the rest of the holes when these terms are used. We know they have an XRF so could be using this in addition to eyeballing it.
Iceberg, the latest RNS has less detail then the Jan / Feb RNS (we had summary logs and widths of the encountered structures) but if I remember it was interviews where Colin really talked up how nice the mineralisation was which I think led to an overshoot of expectations.
I would also prefer if he let the assays do the talking.
I agree iceberg I think they may have finally learnt not to over promise and let the results do the talking, not Colin!
Despite the hole depth, the shallowish dip of the hole means that ALL the hole would have been in the open pit. We are not talking about 850m true depth. (probably 500m true depth).
I've got a feeling they have learnt from phase 1, that you dont over promise with the visuals and under deliver with the assays. Now it should be under promise with the visuals and over delivery with the assays..particularly if they are only 5-6 weeks away.
Excellent RNS.
Unfortunately, I don't have access to level 2 at the moment due to house move and needing to sort out broadband. I notice the price seems stuck on 4.4, which was already being pushed on Friday. Anyone know if that is due to limited availability? Some MM seem to hold a price even when there is buying pressure and just show NT to buy for larger amounts.
BTW, I hope it is a good omen that the new house is called "Copper Beeches" :)
Bang on 850m, importantly "Multiple porphyry units were encountered in the hole" and a good strike length of strong mineralisation.
Multi is really interesting and I have no doubt its the reason they continued to drill. So probably more than 2 porphyry intrusions with different rock mineralisation types. There is always the chance that they have hit the earlier, heavy gold one....very interesting indeed.
Highlights
· The second angled hole of the programme (BRDD-21-007) has been completed at 846.9m after encountering a well-mineralised 173m interval of copper mineralisation from 239m depth
· Multiple porphyry units were encountered in the hole, with persistent lower-grade copper mineralisation throughout much of its length
· Logging has been finalised and the core will be split for laboratory analysis for copper, gold and other elements
· Drilling of more steeply angled hole BRDD-21-010 is underway with the second drill rig from the same drill pad as completed hole BRDD-21-008; the new hole is currently at 202m depth, having encountered weak copper mineralisation since about 190m
· Drilling has also commenced on hole BRDD-21-009 from the same drill pad as BRDD-21-007
Colin Bird, Executive Chairman said: "Hole BRDD-21-007 was extended beyond the planned depth as the mineralisation in this hole was more persistent than anticipated. The next two holes in the current drilling phase have already commenced, with BRDD-21-010 progressing beyond 200m, and sparse copper mineralisation already evident. We are very pleased with progress to date."
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