GREY:DREXF - Post by User
Comment by
GDAWG77on Jun 16, 2008 11:35pm
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Post# 15191676
RE: first two holes show a lot of promise
RE: first two holes show a lot of promiseif all the holes have simialr grades, DOX WILL go upward. That means they just proved up that a certain area has a consistent and concentrated grade of iron and copper. For the people like Mark that think .7% copper is garbage, think again. Go check out Investika who is the closest play next to DOX and they have an inferred 43-101 resource at an average of .7% copper because its economical in that area. Oxidized meaning near surface and easy to extract. Just by doing the basic and cheapest recovery (heap leaching) you could even mine grades half of what DOX has proven thus far and make it profitable.
If these were grades in say Northern British Columbia, different story because no infrastructure, more difficult in winter, bed rocks and all terrain different. DOX is right beside a a road, infrastructure, ect.