- Joined
- 18 February 2006
- Posts
- 4,200
- Reactions
- 2
Hey Rico, bravery and stupidity walk a fine line next to each other : lol
My moxo trade will probably end up like BLZO, GGPO and AREO ie expire worthless= total loss,
But because my portfolio is very large now, I like every so often turbo charging it with a small very high risk very high reward play, and MOXO fits the bill
Here's some info regarding recent drilling
RESULTS OF THE STEP OUT DRILL PROGRAM
An additional seven drill holes have been completed as part of the step out drill program from previously drill holes at the Groundhog, Prairie Dog, Woodchuck and Hoary targets.
• An additional four holes have been drilled at the Groundhog Prospect. GHDD2 was drilled 200 m to the northeast and GHDD3 200 m to the southwest. These two holes have confirmed the lateral extent of intense IOCG alteration at the Groundhog target over a distance of 400m. Assays are pending.
• The third step out drill hole at GHDD4 was placed approximately 200m to the southeast of GHDD1. The main mineralised interval in GHDD4 occurs between 840m and 935m with consistent chalcopyrite and pyrite disseminated through the core. Some disseminated bornite is visible in the top 16m of this zone. Assays are pending.
• A follow up hole PDDD2 was drilled to the west of PDDD1 to test the interpreted dense basement rocks. Basement was intersected at 832.3m in brecciated, hematite altered Gawler Range Volcanics to 860m. The hole then passed into brecciated and hematite-carbonate altered sediments with abundant fluorite. Several veins of bornite and steely hematite occur between 876 and 883m passing into intermittently, disseminated pyrite and chalcopyrite mineralisation to the end of hole at 1116m. Assays are pending.
• A second drill hole was completed at the Woodchuck prospect approximately 450m tp the north east of WDDD1. Basement consisted of highly altered sediments overlain by Gawler Range Volcanics. Minor patches of disseminated bornite and chalcopyrite occur within the target zone. Assays are pending.
• An angled hole HODD2 was completed at the Hoary prospect. The first drill hole HODD1 (742670mE, 6497965mN) intersected 111m of hematite breccia. The angled hole was designed to intersect basement at the eastern edge of the residual gravity anomaly.
The angled hole was drilled to a depth of 1142.8m. Basement was intersected after 961.34m of angled drilling (or approximately 832m vertical depth) and consisted of weakly altered Gawler Range Volcanics passing into altered Hiltaba Suite granite. At 1074.8m of angled drilling the drill hole passed into a ~25m thick mineralised zone consisting of highly altered (steely hematite, amphibole, chlorite) sediments with disseminated bornite and chalcopyrite mineralisation at the contact with granite. Assays are pending.
CAUTION: DANGEROUS TRADE! NOT FOR THE FAINT HEARTED
My moxo trade will probably end up like BLZO, GGPO and AREO ie expire worthless= total loss,
But because my portfolio is very large now, I like every so often turbo charging it with a small very high risk very high reward play, and MOXO fits the bill
Here's some info regarding recent drilling
RESULTS OF THE STEP OUT DRILL PROGRAM
An additional seven drill holes have been completed as part of the step out drill program from previously drill holes at the Groundhog, Prairie Dog, Woodchuck and Hoary targets.
• An additional four holes have been drilled at the Groundhog Prospect. GHDD2 was drilled 200 m to the northeast and GHDD3 200 m to the southwest. These two holes have confirmed the lateral extent of intense IOCG alteration at the Groundhog target over a distance of 400m. Assays are pending.
• The third step out drill hole at GHDD4 was placed approximately 200m to the southeast of GHDD1. The main mineralised interval in GHDD4 occurs between 840m and 935m with consistent chalcopyrite and pyrite disseminated through the core. Some disseminated bornite is visible in the top 16m of this zone. Assays are pending.
• A follow up hole PDDD2 was drilled to the west of PDDD1 to test the interpreted dense basement rocks. Basement was intersected at 832.3m in brecciated, hematite altered Gawler Range Volcanics to 860m. The hole then passed into brecciated and hematite-carbonate altered sediments with abundant fluorite. Several veins of bornite and steely hematite occur between 876 and 883m passing into intermittently, disseminated pyrite and chalcopyrite mineralisation to the end of hole at 1116m. Assays are pending.
• A second drill hole was completed at the Woodchuck prospect approximately 450m tp the north east of WDDD1. Basement consisted of highly altered sediments overlain by Gawler Range Volcanics. Minor patches of disseminated bornite and chalcopyrite occur within the target zone. Assays are pending.
• An angled hole HODD2 was completed at the Hoary prospect. The first drill hole HODD1 (742670mE, 6497965mN) intersected 111m of hematite breccia. The angled hole was designed to intersect basement at the eastern edge of the residual gravity anomaly.
The angled hole was drilled to a depth of 1142.8m. Basement was intersected after 961.34m of angled drilling (or approximately 832m vertical depth) and consisted of weakly altered Gawler Range Volcanics passing into altered Hiltaba Suite granite. At 1074.8m of angled drilling the drill hole passed into a ~25m thick mineralised zone consisting of highly altered (steely hematite, amphibole, chlorite) sediments with disseminated bornite and chalcopyrite mineralisation at the contact with granite. Assays are pending.
CAUTION: DANGEROUS TRADE! NOT FOR THE FAINT HEARTED