We chatted to IronRidge Resources' CEO Vincent Mascolo who explains why the company has become a lithium explorer. Watch the video here.
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They drop down hard and tripped some stop losses this morning
It is reasonable to assume:
0.5% average Cu grade (including Au contribution)
2.5 tonnes of rock per cubic metre
Average diameter of 400m
Depth of 1200m
This would give:
3.142x200×200 (py r squared = area) x1200x2.5x.005( grade) = 1.9 million tonnes of copper equivalent.
So it is not too difficult to get over the 2 million tonne winning line.
Hi do we know if there are any diagrams showing the same drilling data but in a plan view to show how the next two holes (XXBR-002 & 3) will expose and increase in width from 250m due to drill angle, as suspected ?
Do we have any imagery, (alternate / previous AA) data supporting increasing widths at depth ?
Didn’t realised that you can go that low! Thanks for let me know.
My 1st language is BSL British sign language.....
Next time think twice!! Filter.
If you are not trading, just keep calm and wait. Rampers and derampers just come and go. Not selling a bean until it gets to 20p. We are making a hole to the core. Funding in place, revenue flowing in. Have a good day.
Noah's Ark, there was so little English in that answer, I think President Macron would have been happy with it.
Anyone know what depth the EM and IP data is good for? It was obviously done some time ago and when I looked at it a couple of dats ago there didn't appear to be any indication of the specific setups.
Any dip I’ll buy.
How much do you get paid per posts? Which company you work for? (I know someone who had experienced to use work for someone do the deramper etc) understandable you might need earn some money..... have you consider you probably better off do yourself by buy and sell make your own profit? It not too late.
Morning to all.... tickets getting golden tickets ( bottom drawer?) mine is.... this is not fainted heart should see what next 12-18 months will bring but of course there will be selling (loans), diluted and placing (very good reason) the stuff underground can’t moved but there.... overalls it positively but depends in next few days if passed 1200,1400 or beyond 1,600 then it will become messy (because big companies will act like VULTURE!!!!
Placing,diluted, etc..... depends on what CBird want or AA want (deal was done before drilling so has to be one option.....)
I can see .......VULTURES!!
Did not want to spoon feed the guy....hence the G.....either you know what’s happening around you or you don’t.....seems there may be a cloud burst upstream sometime soon.
Are you talking about Jordan Peterson?
Merc, I have been looking at this slide for some time now.
Provided earlier on another thread here tonight.
Holes BRD001, BRD026, BRD008 and BRD009 give you a very good indication of what is to9 bne expected.
Combined with the indication of Monty that grades get better at depth and you have your view.
EDISON & HARTLEY COVER ALKANE [BODA].
THEY BENCH-MARK BODA WITH CADIA-EAST.
THEY STATE THE GRAND-DADDY*S JORC AND GRADE.
LACHLAN FOLD WILL NEVER BE LIKE OTHER ORE BODIES - THEIR TYPICAL GRADES ARE SIMILAR IE BODA VS CADIA PER EDISON.
So, if expecting better, it does not appear to exist yet.
News and Hydrogen here too, can only be a good sign. You can tell from my post history that im picky, takes a lot to spark my interest these days. XTR has it.
Hopefully there is no connection with Bushranger , Ned Kelly and Birdy
Good evening Mercedes man ,, its farmerlad from GGP, I no hydrogen here to very knowlegable guy , your totally right what you say ,haveing been in exsperianced the ride from day my self like you have on other discovery,, this has a good feeling looking like a mega discovery you do t find them ,, people think it all happens in one day ,, rome wasn't built in a day takes time ,, ggp took time but look were it is now I can tell you my 9m shares have been life changing ,, hey merc if paddy was here he may well be what would he say ,,, sit on your hands ,, ,,, NEWS keep up the good work great posts makes lots of sence simple facts ,, good luck all ,, farmerlad
LoL - A bit too early to talk about capex. Cadia-Ridgeway a/c to the data is BLOCK-CAVING AND SUB-BLOCKING and that is cheap or cheaper, so no underground mining per Colin Bird. Mr Bird said that it is "PROGRESSIVE" block caving ie onion, peel layer by layer. [TICK]
Given Racecourse is a copper deposit [more] than gold, then the demand vs supply is favourable given that copper is around $3.52 and upwards. Projection is $4-6. So, gold is the credit? I dont know what else there is because Mr Bird was talking about others but I didnt pay attention, so kindly check.
Mr Bird, Executive Chairman mentioned in his interview of 12.1.21/15.1.21 that "MATERIAL;: EDGE OF HIGH GRADE ZONE." So more to come.
Of course that will come as per Bird as to next steps - WIDTH DEFINITION AND GRADES.
Cadia-Ridgeway went to 1,600m. That*s official. Normally they dont go down further than 2km drilling as that is another day per Solg.
If like Resolution [BHP/RIO] in the USA, the DEPTH can go to 2.5KM but I recall it has gone down much more in exploration.
In 2006, their revenue was A$982m so a big player at the time. Read what they said about Bushranger: "RACECOURSE, A LARGE U N I F O R M MINERALISED SYSTEM 1.5KM X 1KM with the potential to be a LARGE COPPER MINE [exploration work defined the Racecourse prospect].
Drilling has defined a LARGE CHALCOPYRITE COPPER SYSTEM with associated zinc and gold with VERY CONSISTENT GRADE FROM SURFACE. Mineralisation identified a gentle west ward PLUNGE that INCREASES in THICKNESS WITH DEPTH."
Straits sold Bushranger to Tooday, also ASX listed in 2007. The info and statement on Bushranger was in the Straits ASX ANN: Preliminary Final Report, 31.12.2006 [Accounts]
That is what XTR are finding and what Mr Bird is confirm now in his interviews and RNS*s on Bushranger. So, I go with the Straits report personally and what Edison says about Lachlan Fold @Cadia example in which they used to BENCHMARK BODA.
News, 19 Jan 2021 @10.30pm
In the Edison Report i quoted in this thread with link given, they also said:
"CADIA Valley Mines JORC 38MOZ au gold at a GRADE OF 0 . 3 7 g/t au gold
& 8.3Mt of COPPER GRADE ----------0.26% cu COPPER."
"In general, the holes recorded significant gold-copper intercepts, WITHIN AN EXTENSIVE
L O W - G R A DE MINERALISED SHELL S I M I L A R TO CADIA East."-Edison on BODA, Alkane.
So, MunchBox54, I provide DEFINITIVE PROOF that CADIA , largest mine in Lachlan Fold, NSW, Australia had ------0.26% CU COPPER -----but your expectation for Racecourse, Bushranger [XTR] is 0.4-0.5% cu COPPER.
Cadia*s gold grade is also not all that high at -----0.37g/t au gold -----.
THAT IS THE LACHLAN FOLD GRADES. CADIA IS THE BIGGEST MINE AND DEPOSIT and even then its only the above grades.
News, Tues, 19.1.21
News, the dimensions of a mineralisation zone always matter. Grades, capex, opex, ease of extraction, spot prices all play a part.
Grades can vary dependant on the rock formation so more drilling is better than less.
More drilling is what’s required, a lot more, mobilisation of more rigs. The more proving up that’s done the more valuable the asset.
Cadia East has not been drilled to the bottom of the ore zone, they got to 1600m and stopped
From here on in it gets very exciting as the lower zone is where the high grades are usually hidden, more historical pressure, more heat.
Great research on Boda
EDISON: BODA has DEPTH OF 1,000 METRES [STRIKE 1,000M].
RACECOURSE, BUSHRANGER - DEPTH 1,047M [as of today, 19.1.21 and still going] + STRIKE OF 1KM. That is why Mr Colin Bird called it "THE MAGICAL 1KM DEPTH."
PER MR BIRD TODAY , 19.1.21
"FINGERS CROSSED 1,200KM."
Simple maths will tell one that if it goes to 1,600km say, then MINERALISATION TOTAL WILL BE MORE. 1,600m minus 1,000m = 60% MORE THAN BODA.
Hence why Cadia-Ridgeway*s DEPTH of 1,600 M makes it bigger [way bigger] than BODA.
DEPTH DOES MATTER -EDISON REPORT REFERS.
Nice prospect Mecr. We seem to be exploring in the same directions.
Care to share your route to £1.05?
"EDISON RESEARCH REPORT: ALKANE RESOURCES:007 STRIKES IT RICH." -23 Apr 2020
"In recent wks, Alkane has announced its drilling results from its B O D A prospect.
We can see the MINERALISATION e x t e n ds to 1 K M IN DEPTH and the WIDTH of mieralisation SEVERAL HUNDRED METRES.
Combined with an ESTIMATE OF 712M FOR THE STRIKE LENGTH OF THE MINERALISAION...we can estimate THE SIZE OF THE BODA DEPOSIT TO BE IN THE ORDER OF
--------------- 7 3 8 MT at a grade of 0 . 3 5 g/t [0.51g/t gold equivalent] containing up to 8.3MOZ GOLD and potentially worth up to 35c to Alkane shareholders."
At the time of this Edison report, the MKT CAP QUOTED: "A$397 MILLION" @ 68.5cents share price.
Link : https://www.edisongroup.com/publication/007-strikes-it-rich/26666
So, total strike for BODA is 1KM which is the SAME for Racecourse, Bushranger [XTR]
From the above, ONLY FOR 702m strike, estimate is already 738Mt - AA only wanted about 440 Mt from XTR.
Grade is typical for Lachlan Fold. Kindly remember that even for Racecourse*s JORC, COPPER IS THE DOMINANT metal and not so much for gold. So, add copper and gold to get EQUIVALENT.
Cadia-Ridgeway, BODA etc have a lower copper % and more gold. Racecourse is more of a copper resource?
So, that is PROOF that DEPTH DOES MATTER or else there is NO BIG DEPOSIT ESTIMATE. Logical that anything just surface over 1KM strike will not make a potential LARGE deposit. It is no wonder why on 9.11.20, the CEO thinks they have a TIER 1, usually 1 BT. Already per Edison they had 738Mt for a 702m strike length. Width-XTR*s Racecourse is 250m vs 400m BODA but Mr Bird said going down, it is getting WIDER.
News, Tues, 19 Jan 2021.