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MUSTANG MINERALS CORP V.MUM

"Mustang Minerals Corp is a mineral exploration company. The Company is engaged in the business of exploring and developing base and precious metal mineral properties."


TSXV:MUM - Post by User

Bullboard Posts
Post by hank2010on Jan 19, 2004 1:53am
337 Views
Post# 6913501

Sagee, my thoughts on results

Sagee, my thoughts on resultsI interpret the NR as saying 3 holes out of 9 missed on the western side as they apparently undercut the zone (not sure what they mean by that as they also say it is more steeply dipping to the east, so I am having trouble visualizing how they undercut, maybe you or mineman can explain). Of the 6 holes that hit the C-zone, I calculated an average width with a weighted average grade of 2.26 metres of 1.895% nickel with a litle cobalt and pgm. That is about 38 pounds of nickel per ton over about 7.5 feet of width. We do not know how close to true width that will be, but I guess it will be >75% of drilled width. I think that is pretty decent. Is it what I expected? Well, when I wrote a post a few weeks back, it was close to what I expected,(2% and hoping for 8 to 10 feet) but as time went by, my dreaming and hoping started me thinking higher grades and greater widths. Maybe a lot of others did the same and that is why the price went down?
Bullboard Posts