Argex Titanium Inc. ARGEF

More analysis on drilling results

[canada7]

I re-read the news multiple times..... found something interesting:



"On the West Hervieux showing, the helicopter-borne survey revealed a magnetic anomaly with a different shape. This anomaly is oriented north-south, and is 700 metres long by 400 metres wide. Magnetic highs aligned with the regional structure lie on either side. The electromagnetic survey did not reveal any conductors corresponding to the ilmenite mineralization. The holes were oriented toward the northwest or southeast, depending on the topography. Hole HW-10-043 was drilled toward the east to see whether the mineralization might extend under the lake, and Hole HW-10-039 was drilled at N230° to intersect the mineralized sections. The plunge was generally at -50°, with the exception of certain holes plunging at -70° or -87° to test for mineralization at depth."
Also, HW-10-043 drilled under the lake, and intersected about 10 meters of heavy mineralization.
I also wonder why HW-10-056 was not highlighted as it has 2 sections of mineralization of both length of 182.2 meters. The longest mineralization of the West property. Instead HW-10-050 are mentioned. Nothing wrong with HW-10-050, but HW-10-056 has more length. Maybe the grade is not as good as the other core, but still excellent grades.
But HW-10-043 is certainly the most interesting hole even though it has only 10 meters of mineralization:
1) It reached the ore below the water;
2) It discovered new mineralization zone at the depth.
3) All the neighboring holes all came out with nothing to show.
4) The grade at the depth is consistent with the grade elsewhere -- HIGH GRADE.
Interpretation: The La Blache mineralization goes down further than most people thought (those came out nothing at the surface may have mineralization at the depth). That was one  of the reasons Michael indicated 300 meters in his interview earlier. Also, if the mineralization continues below the water, the whole La Blache mineralization area may be connected at the depth. That was the reason that Michael has placed HW-10-043 as one of most important holes in 2010 drilling campaign. This adds to another evidence that potentially 300 M tons will be possible if RGX keep on drilling. 
Unfortunately, or fortunately, RGX will not drill, and probably will not drill for another 3 to 4 years at all as the current drilling results are good enough.  So, we will not know the truth may be 5 to 7 years later when RGX decided to resume drilling. We have 4 holes of over 150 meters of mineralization, and 3 of them consistently HIGH GRADE, and one slightly lower grade, but still excellent grade (still more than 5 times or more of grades from other TiO2 companies....). Now, the name of game is engineering. The drilling results are fantastic, and no one can bash this aspect now.