TSXV:CNX - Post Discussion
Post by
Goodtoreadthis1 on Mar 14, 2024 10:30pm
We may be on the verge of a blowout find at Decedent
Max our CEO is always cautious with his words. In his own way he was excited by the newest find called the Decedent by the company. Several times the CRUX interviewer tried to get Max to reveal the next exciting developments at CNX and Max started to; but shut himself down pretty quickly. If you take Max's words in the Decedent find initial press release and you add to those words what a CNX tech advisor said about Decedent, you get an idea as to why Max was so excitied; but also cautious.
Here is what a member of CNX's technical team said about Decedent
Jim Pickell, member of Callinex’s technical team and recipient of the Bill Dennis Prospector of the year award for the discovery of the 777, Konuto and Photo mines, commented, “Although Callinex’s Rainbow VMS Deposit and its newly discovered Descendent VMS mineralization share many similar geological and mineralogical features, what sets the Rainbow and Descendent apart is the much larger stratigraphic ‘footwall’ VMS feeder alteration system (possibly up to eight to ten times larger) associated with the Descendent versus the Rainbow deposit. This same Descendent-associated ‘footwall’ alteration package, with its spectacular 1100 by 700 metre surface footprint, has both inspired and eluded previous explorers who also believed that this extra-large alteration system was spatially associated with a correspondingly large to giant VMS deposit. It is also important to note that the elevated silver and zinc grades in the latest Descendent drilling appear to be quite similar to the near-surface, ‘distal’ (to feeder) lower grade portions of the Rainbow deposit that rapidly transition into thicker, higher grade, copper-dominated massive sulphides at depth, closer to its ’proximal’ alteration (feeder) pipe.”
So Decedent may be 8X to 10X larger than Rainbow and it has a spectacular sized surface footprint. Maybe now the analysts will begin to notice CNX. Fun to be a stockholder in this company.
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