RE:RE:ZEN now a 'value' stockExcellent results, most impressed with M01/02 and still open at depth,…amazing!
- “Hole M02 (East) yielded 210.8 m @ 5.8% Cg from 50.5 m to 261.3 m within a wider intersection of 440.0 m of graphite mineralization grading 3.8% Cg from 50.5 m to 490.5 m.
- Hole M01 (East) yielded 255.5 m @ 5.5% Cg from 48.0 m to 303.5 m within a wider intersection of 464.2 m of graphite
All along, my estimate has called for 100MT’s at 3.0%, or 3 MT’s Pure Cg which would represent for a 27 year Mine-life (10% loss during production) at planned production capacity of 100 KT’s per year.
This was based on East Pipe drilling estimates for 40MT and West Pipe which was thought by many to be x2 or x3 times larger than the East Pipe,…not so but still all is good!
Been thinking of changing my estimate lower after today’s release, that East Pipe would appear to be larger than the West Pipe but still definitely a confirmation on the higher avg grade, which has been consensus all along.
AE states, quote, “The
East Pipe graphite mineralization (breccia and overprint) is oval-shaped with dimensions of approximately
150 metres ("m") in a NE-SW direction by
300 m in a NW-SE direction and has been tested to a depth of
500 m. It is showing good vertical continuity and remains open at depth” and “The
West Pipe graphitic breccia alone (excluding the graphite overprinted granite) also has an oval shape with dimensions of approximately
160 m in a NW-SE direction by
220 m in a NE-SW direction and has been tested to a depth of
460 m where it remains open
.” To calculate the volume of an Oval – (volume of the cylinder = pi * length/2 * width/2 * height)
East Pipe Dimensions: 150 x 300 x 500 x 2.6 = 58.5 MT’s, - As an Oval 3.1416 x 75 x 150 x 500 x 2.6 = 46 MT’s
West Pipe : 160 x 220 x 460 x 2.6 = 42.1 MT’s (excludes graphite overprinted granite) - As an Oval 3.1416 x 80 x 110 x 460 x 2.6 = 33 MT’s
(Average Grade: East 4-5%, a conservative 4%, West 2-3%, a conservative 2%) My New Estimate Total 80 MT’s at 3.0%, which indicates 2.4 MT’s Pure Cg and a 21.6 year Mine-life (10% loss on production) Cheers, Mark