RE: Stunning results at EH and Hanc0ck4 Feb 2022 23:07
Just a nifty infographic I found while researching VMS deposits.
https://1.bp.blogspot.com/-ekokSIVP9xg/VVol-saZPtI/AAAAAAAAAzQ/bW136B5WZcA/s1600/Volcanogenic%2BMassive%2BSulfide.png
Be nice if I could find one with PGM breakdowns but everything is just talking about gold, silver, zinc, iron, copper etc. Still though, Volcanogenic Massive Sulfides is a term you should have a research of if not familiar.
https://pubs.usgs.gov/sir/2010/5070/c/
"Volcanogenic massive sulfide deposits range in size from small pods of less than a ton (which are commonly scattered through prospective terrains) to supergiant accumulations like Rio Tinto (Spain), 1.5 billion metric tons; Kholodrina (Russia), 300 million metric tons; Windy Craggy (Canada), 300 million metric tons; Brunswick No. 12 (Canada), 230 million metric tons; and Ducktown (United States), 163 million metric tons."
"Massive ore in volcanogenic massive sulfide deposits consists of greater than 40 percent sulfides, usually pyrite, pyrrhotite, chalcopyrite, sphalerite, and galena; non-sulfide gangue typically consists of quartz, barite, anhydrite, iron oxides, chlorite, sericite, talc, and their metamorphosed equivalents. Ore composition may be Pb-Zn-, Cu-Zn-, or Pb-Cu-Zn-dominated, and some deposits are zoned vertically and laterally."
I personally am happy with the idea of using DSO, profits, shipments, offtake etc not bothered; to get drills down to Calderkate Creek. However as Damo alluded to, one thing at a time. Let's get a DSO operation going and EH dewatered as the orebody size and technical knowledge is increased. Then, for me, I want a drilling campaign focused exlucsively on Munni Munni.
Fingers crossed it's just a formality now getting the 100% ownership of that sorted. I get paid on the 11th and while I have some IRL stuff demanding most of my funds it's going to be hard to resist a cheeky top up. I have a feeling that Munni Munni is a smallish but very high quailty VMS. Even a tenth of Ducktown is not to be sniffed at for a company with a 38 million MCAP and we already have the 2004 standard Jorc. Even then it depends on the breakdown of ores. If you get Pd dominant ore as opposed to Pt dominant ores that's a gamechanger, then even small amounts of rhodium and irridum and things get very interesting.
If EH, as appears to be the case, is a larger orebody than initally thought by the 1st owners than it is reasonable to think the same could be the case for Munni Munni. Even just converting the 2004 JORC to 2012 adds value. Now imagine doubling the JORC but more so the 78k Rhodium...
GLA.