GREY:LACHF - Post by User
Post by
RedHorizonon Apr 15, 2009 4:24am
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Post# 15918525
Even better than it looks?
Even better than it looks?I was just noticing in the news release that these recent numbers do not reflect the grades of the "enriched supergene zone". From reviewin the presentation it is clear that the supergene zone is much higher grade than the rest of the VMS system. Examples of intersections:
33M at 5.7g/t Au and 7.1% copper
29M at 4.8g/t Au and 3.4% copper
This is important because further drill results on the supergene zone are coming out at the end of Q2. This results will improve the overall grades and capital payback period for the project since this zone is near surface. Reducing the capital payback period is key to getting a large project like this financed.
I have to say that this company is getting it done while many other juniors out there aren't.
Best of success to all.