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Azteca Gold Corp V.AZG

Gold and silver exploration


TSXV:AZG - Post by User

Bullboard Posts
Comment by Libertygon Aug 31, 2009 12:24pm
257 Views
Post# 16264243

RE: hole 006b Depth on 28th

RE: hole 006b Depth on 28thIf average 20' per day 006 would be at about 11,059
if average 25' per day 006 would be at about 11,280
if average 30' per day 006 would be at about 11,500

So the depth of 11,345 makes sense. Being at that depth and the expectation of the company is pretty interesting as they should have a better idea of what awaits them below. It also fits the potential of hitting something in 005b first as 005b would be at roughly 9,757 - 10,200. More likely in the 10,000 foot range. Not knowing at what depth they hit carbonates in 005b but knowing they did hit carbonates in the vicinity of where they expected to, would point to them being in carbonates first, longer and deeper than 006. 005b is also providing information for 006. If they hit in 005 then 006 continued drilling makes obvious sense. If they still haven't hit in 005 that would suggest 006 would need to go to 12,000 feet or so to reach 005 geology, and would be a concern. If a miss so far in 005 then 006 would start to look troublesome, but continued drilling in 006 should be a good sign. 005b most likely has told them what to expect in 006, and it is starting to look like very good news. Don't forget the earlier press releases and the mentions of Gold, tungsten etc.  We'll see.

Bullboard Posts