Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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Message: Drilling update

Drilling update

posted on Oct 01, 2009 11:29PM

This news release certainly is giving us as much information as possible; hole locations, direction(angle), exact dates, depth reached, visual reports of minerals observed with depths. Also a good idea of what they hope will show up in the assays - PGEs are not visually obvious, but only show in the assay(I heard so at least, anyone care to comment?) unlike massive sulphite, which can be seen in the drill cores. Anything close to 1gram per ton of Platinum and or palladium over a distance measured in metres will be great news, and could change the economics of the whole chromite deposit.

Those assays (for PGEs) are expensive and slow, but if they come up with a positive result, it will be a whole new ball game.

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Oct 02, 2009 09:58AM
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Oct 02, 2009 11:16AM
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