Re: All holes Average ...
in response to
by
posted on
Jan 23, 2012 06:02PM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
The exerpt below from the NR, is pretty important, IMO;
"
Several sampled (halved core) intervals were noted to contain sulphide mineralization. Sulphide mineralization is directly associated with quartz/carbonate veins and/or veinlets and the restricted areas of alteration surrounding these veins. A review of the assay data compiled to date indicates a correlation between these visible sulphides and gold mineralization.
The Company is in the midst of a systematic program of re-sampling and drill core analysis with a focus on increasing the sampling intervals both above and below any noted quartz/sulphide intersections, and where areas of multiple sulphide mineralization were noted, continuous sampling through these zones to combine one single sampled interval. In this capacity, potentially mineralized wall rock between close spaced mineralized veins can be tested, towards bulk tonnage mineral potential."
Until we have a full analysis of one complete hole, from top to bottom, I am not ruling out any surprises. There are eleven holes just reported finished being drilled, but not fully assayed yet. At the present rate, this could take 33 weeks to get the full compiled analysis of these 11 holes, providing that we got 1/3 of hole #6 today. The only way to get the clearest picture, is to have every bit of at least one hole assayed so we can tell how consistent the grade is and figure an average from the mean, omitting the high grade results for this calculation only. The frequency of high grade results could be entered into the equation after a mininum grade is established .
There also appears to be 2 - 600m holes or 3-400m holes that need to be reported on yet that are part of the 5500m.
Also keep in mind, that hole # 6 is on the northern flank of the anomaly. If you take out the 2 high grade intercepts, you are left with an average grade of around .2 g/t, comparable to what Yanacocha is mining today. If this disemination holds true right through the anomaly, it may be all we need , when you add the high grade intercepts into the mix.
IMO