RE: RE: Pointless Post? The information below is available on the SXL company web site and I have included it so that a comparison could be made with two properties that are “adjacent” to each other.
The Silverjack property seems to be becoming a copper play...if you do the value calculations for copper vs. Silver/lead/zinc. It appears to contain an average of an eye ball estimation of 0.50%-1.00% copper!
Try as I may, I cannot find any copper results for the Nash property, yet it is inconceivable when two properties are so close together that one does not contain ( or is not shown to) copper results like the other. At approximately 10M tonnes resource (we now have) grading 0.20% Cu or 20 lbs./tonne (for the Nash) could equal 20 X 10,000,000 = 200,000,000 lbs Cu at $4.30/lb. would equal $860,000,000 added value. A slight figure higher than 0.2% could easily bring that value over the $1B mark and higher! (About
.08 per share ?).
In addition Nash is still open in all directions.
NASH
This metal inventory is included in an indicated resource of 7.81M tonnes grading 2.72% zinc, 0.55% lead and 18.26 g/tonne silver and an inferred resource of 1.21M tonnes grading 2.66% zinc, 0.52% lead and 18.00 g/t silver. Gravity and magnetic highs along with zinc soil anomalies coinciding with MegaTEM/VTEM conductivity identify additional priority targets on the property. Where is the copper??? Anybody know?
A deeper interval from 438m to 538m is variably mineralized with up to 5% sulphides suggesting significant potential for extensions of the Nash Creek deposit at depth. More copper?
The Silverjack property is adjacent to SLAM’s Nash Creek zinc-lead-silver deposit (with a 43-101 compliant resource estimate) and 12 kilometres southwest of the Belledune smelter and seaport.
The final target was the Doyle copper–silver zone where hole SJ11-41 intersected a 1.33m interval grading 2.33% copper and 43 g/t silver at a depth of 108.1m. This was flanked by an interval at 64.47m containing 1.0% copper and 13 g/t silver over 0.6m and by an interval at 6.6m containing 1.32% copper and 54 g/t silver over 0.55m.
The Doyle copper-silver zone is hosted within sediments and lime stones similar to the high grade Silverjack deposit 1,000m to the east. SLAM previously reported high grade drilling results ranging up to 653 g/t (19.05 oz/ton) silver, 2.69% copper, 11.9% zinc and 9.8% lead (news release 16 February, 2010) at Silverjack.
Silverjack has very high copper grades (compared to most copper producing mines) , and as mentioned before if tonnage is sufficient, companies run profitably at 0.2% when copper values were at $2.50/lb. so the potential is there. And as mentioned by MM , SXL is systematically honing in on the overall ore body. Even at a meager 0.1% copper , the Nash would be worth $ ½ B.
Just wondering?
Solver