From minningguy11 on SH
posted on
Apr 14, 2013 07:55PM
Hydrothermal Graphite Deposit Ammenable for Commercial Graphene Applications
Johnny EGZ is a fantastic,large pittable graphite/Vanadium deposit that will very likely work to fill holes in the Chinese supply of quality flake to the far east. But you betray a novices understanding of hole ten and ZEN's potential tonnage and the current program's intention. This drill program is almost entirely infill ( development ) drilling.There will be a little " reconnaisance " or pure exploration or " step outs " to test the boundaries of the two known Breccia Diatremes and a little poking around beneath them to see if they join up at depth but otherwise they will always be drilling into the zones and " between the holes " ( in this case 5 and 9 ). If hole 10's assays hold up it will have been a stroke of exploration briiliance infilling to between 50 and 100 metres with hold your breath implications for tonnage with the orientation they chose .You can quintuple the global tonnage estimates that have been bandied about in this portion of the orebody alone. You implied that they " twinned" the hole. They would have had to drill from close to the collar of one of the holes with similar orientations.It was the exact opposite - you didn't look at the sections. They will be infilling to a tight 25 metre grid - it will act as development overkill and with alongside a feasibility study the ore will be beyond proven - it will be engineered and " reserves " .As for scale of overall tonnage these intersections show stunning continuity and continue to point to massive tonnage along with the ultra high purity.
I think we are about to start another round of share price movement to the upside with the following catalysts:
Named to the TSX-V index
Anticipation of assays for hole 10
Anticipation for visuals of hole 11
Assays for hole 10
Realization that our tonnage has passed critical mass and this will be a mine so play is derisked
For those wanting to add to positions, early this week is probably ideal!
Glorieux