Post by
trader53 on Jul 16, 2023 3:41pm
Is the Geological model correct?
Awesome share structure most warrants are priced far above current share price and options are priced far above as well. If STE"S geological model proves correct that another deposit lies beneath the historical mining drift from the Normetal deposit this could be a very rich VMS discovery. Quoted from press release dated Oct 25/2022: Deep hole STE-22-123-W1 drilled parallel to the favorable horizon down to a depth of 1,850 meters vertical has intercepted mineralization along with the favorable mine sequence. Geophysic BHEM survey revealed a new untested anomaly centralized at a vertical depth of 1,200 meters and characterized by a mid conductance of 150 siemens and dimensions of 150 meters wide by 400 meters long. This anomaly plate is the probable continuity of the mineralized system at depth underneath the historical mining drift from Normtal to Normemar (Level 1,270m). In comparison, the high-grade zinc intersection from the Upper Zone in hole STE-21-08 was overlaid by a plate of 250 Siemens and dimensions of 40 meters wide by 60 meters long.