Henrich428 wrote: A person with a geological background whose opinion I could not more highly respect has now given me his opinion on this NR. First of all, he speculates that this preliminary drilling (which again is from over _80 days ago_, if I am not mistaken, which is very early,) was basically done on blank holes. This would explain the temperate market reaction, which often looks at grade and assays without understanding any fuller context. He points out that "the highest grade that came back was 12 oz/t Ag over 1.2m of core length." He says that that is "unfortunate, but not the end of the world, simply what happens, just a set of bad holes they drilled, because then when they did a blast and sampled the muck from it, the material came back at 61 oz/t Ag." (This can be seen in the table under Rock Samples.) He then independently agreed with Captain Duff, i. e. without knowing Captain Duff's opinion, saying, "The results from the ore-sorting seem to indicate that the material which they are bringing out now is richer than what they were getting previously."
One thing which I am still trying to determine is whether or not the muck pile listed in the assays has anything to do with these historical muck piles in the "historically-mined upper stopes" which are proving to be so much richer. If I am not mistaken, the muck-pile sets seem to be from different places. Because the 61 oz/t muck pile listed in the assays is to be found along with the drill holes, which (as I have said) appear to come from the 2nd of March. Whereas this discovery of the historical muckpiles, also extremely rich, in the "newly-opened historically-mined upper stopes," appears to derive from the more recent extension of the ore-body to the south. I don't know this for certain, however, and my correspondent was unable to give me clarification either. This is because we are not exactly sure where the "historically-mined upper stopes are"--at the newly-discovered southern extension of the ore-body, or somewhere else? My correspondent says that, by "historically-mined upper stopes," Bayhorse are probably talking about "the '80s-era workings above the modern main-haul level," but adds that "without an up-to-date mine-plan map he is only guessing." He says that the news release needs an underground map to show the locations better. He concludes that "Their opening the workings up means cleaning up areas and getting access where they likely didn't have safe access before."
Summary of the above is:
1) Preliminary drill holes generally missed the ore-body
2) Listed in the assays however is a 61 oz/t muck pile, which is very promising
3) This 61 oz/t muck pile perhaps even comes from a completely different part of the ore-body from that spoken of in yesterday's NR, and perhaps has nothing to do with these also-very-rich, newly-discovered historical muck piles, which the ore-sorter is now accepting at a ratio of "1 in 7," as Captain Duff says
And again, to re-iterate the good things in this news release:
1) We have now extended the ore-body to the south AND to the west
2) The ore is getting much richer
3) Both the copper and the antimony bring in money
4) These drill results are simply from what Bayhorse call "preliminary" work, and are very early (from over 80 days ago). The definition of the word "preliminary" is of course "preceding or done in preparation for something fuller or more important."
(These thoughts are not necessarily directed at Captain Duff by the way, I invite anybody to jump in.)