home run hitlessWhat gives here? Over 16k meters of drilling and the company never found much of anything beyond vectors 14 and 15.. Excuse me drill hole 35 the crosscut might have established the boundary of the ore zone just beyond vector 15 ...at one bleeping point at any rate.... And here they are planning to retest drill hole 41 .... WAKE UP FELLAS.... you have to zone in on the direction this massively wide ore zone is heading in and drill for the extension not 200 meters away with your stupid retest but much closer to the last known intercept on vector 14.....drill hole 39a might have given you a better idea of the heading of this massively wide ore zone is heading when you correlate it with the drill data from vector 14 eh... When you swing for the fences you're either a bum or the hero... well throw the bums managing the drilling campaign and those that authorized it out of the room and bring in an experienced operator in to manage the drilling campaign....a whole drilling season wasted but management don't care if they successfully repriced their options down does it? get off your arses and do your bleeping jobs....
39a excellent ... we now have approximately a 100 meter interval of possible! at depth ore that may very well be economical for block caving techniques.....[between vector 14 and vector 39a] I seem to recall the copper grades were increasing at depth on vector 16 with a gold grade averaging .85[?} grams was it so we may have indications of 200 meters of length possibly amenable to block caving...wasn't copper hitting grades up to .43% at depth on vector 16... I'll have to recheck the companies press releases
I've been told by various sources that a 1% copper equivalent is the minimum grade for contemplating block caving...Obviously there a lot more factors then just the grade alone involved here but we defintely do have some hope .... and management wouldn't be drilling to such depths unless they believed there was a chance of such.... well these guys are explorationists not mine developers so take that last estimation with a grain of salt...
might as well say the orebody is open to depth and if block caving is economically feasible here then there is hope to add more ounceage to the deposit in that direction..
drill hole 26a.....
“We can now infer a steep southwest plunge to the higher grade zone within Caspiche. This interpretation could be amended going forward as potentially important assays from drill hole CSD036a to the northwest are pending" =from press release
so there is hope to extend the total 400 meters of the known length of the deposit to theoretically economical block caving grades except for the fact that drill hole 15 never intercepted 1% copper equivalent to depth... I suspect they have the assay in the can and are holding it back for later....... and by mentioning it in the press release they are keeping us guessing at the very least ..but most probably it hit ore or it wouldn't have been mentioned at all...They don't have to buy time they diluted the bejesus out of our shares and are sitting on a whack of cash..so i expect it was thrown in to defer the justifiable angered reaction from the shareholders.. you can draw your wn conclusions.
WAIT UNTIL NEXT TIME..... no your exploration team swung for the fences and they struck out... get an experienced drilling operator on the job you clowns..
Drilling will continue next season with the aim of further extending the limits of the mineralized system.” -from press release
Well lets end on a positive note shall we...
Our interpretation is that the Caspiche porphyry remains open to the south west and plunging to depth.-press release
maybe drill hole 41 did show significant signs of potential towards the bottom.. I would reccommend they started their test at a minimum of 100 meters closer to vector 14 however... heck I'd place the next hole 50 meters off vector 14.. they will be doing infill drilling for the most part of next drill season anyways..
and here is the piece de la resistance
Approximately 250 m (800 ft) of this intercept is vertically below mineralization reported in the interim mineral resource estimate announced on March 24, 2009.
I don't know about you but I'd interpret this as the ore reserve calculation was real conservative...and significant amount of potential ore in between the vectors was not calculated into the numbers.. it could have been too far away from a known intercepts to be calculated into the inferred number.. vectors 14 16 and 16 all reached significant depth prior to the cutt off date for incoporation into the inferred resource didn't they? Ergo we may have room for significant tonnage gains in the interval between vector 16 and 14 and possibly between vector 16 and 14...
even a 100 foot extension to the south of 14 could just be the icing on the cake so to speak