A Good WeekRegardless of where we finish today, it was a great week for SXL:
- the realization that Nash Creek now hosts a resource worth over 800 million (0.80/share discounted 90%)
- release of Silverjack results: 5.4 metre core interval starting at 56.1 metres includes samples grading up to 592 g/t silver (17.27 oz/ton), 1.95% copper, 7.39% zinc and 5.51% lead (see below for mooreman's comments)
- sp gain of about 25-30% on the week (depending where we finish today - a down markets day)
- awareness of SLAM continues to grow as recognized from increased market activity; this should continue this weekend after the Vancouver resource Conference
"They are quite encouraging for a number of reasons. Realizing that it's only one hole, I'm impressed with both the intersection width and the polymetallic assays. 5.4 m is a "mineable width", and what's particularly encouraging is the consistency through that interval. There are 4 sampled intervals (from 0.6-1.1 m) in that 5.4m that all contained highly anomalous values of silver, copper, lead and zinc, essentially meaning little dilution of wall rock. This consistentcy is so important but rarely seen. So often, a co. reports strong assays, but the intersection is artificially "inflated" by taking a minute 10cm or 20 cm bonanza grade and averaging it over several metres of essentially waste rock. It provides a thick looking intersection that could never be economically mined due to the ridiculous dilution."