Sean K
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And I am freakin out about this H&S. Surely not possible?
Perhaps the rhenium is being swept under the carpet at the lab?
These are due from Kalman:
Due I say!
They're probably out with their hats now. Probably going to issue shares around the 50c mark I'd guestimate which is ordinary. I'm sure they would have preferred to be raising money around the $1.00 mark, where the sp was a few months ago.Also form the 1/4 - looks like a capital raising is on the cards. Cash in the bank is 2 million, projected cash burn is > 4 million for the next quarter? Where is the money going to come from?
Kalman Cross Sections Show Considerable Upside
On 19 October 2007, partial drillhole results were released for the Company’s exciting Kalman Prospect.
Subsequently, cross sections have been prepared for Sections 5400 and 5635 illustrated on the attached figures.
From the figures it should be noted that:
• On Section 5400 a relatively uniform width of MoS2 mineralisation remains open at depth, within a Cu ± Au zone:
- On this Section, assays are pending for visually mineralised core either side of the reported zone;
- Here, Cu and Au are both elevated in grade eg the last interval assayed in drillhole K-51 produced 20m @ 0.75% Cu and 1.48g/t Au;
- Assays are pending above and below the reported zone.
• On Section 5635 a broad zone of continuous mineralisation with a true width of over 100 metres extends at depth with assays pending for the lower parts of drillholes K-23A and K-46:
- As well as the MoS2 rich core, evidence of a Cu-Au elevated contribution is illustrated by the 30m @ 0.34% Cu and 0.44g/t Au and a 1m interval of 10g/t Au.
•The Henderson Mine (Phelps Dodge) near Denver Colorado is arguably the richest Mo
mine known:
• reserves around 160 Mt @ 0.35% MoS2 (No other significant economic metals)
• mineralisation starts ~1,000m below surface
• ore zones generally 5 – 30 metres wide
Will be very interesting how much they can expand the 10.19m oz au equiv from this drilling program. There were 3 or 4 drill holes completed to the SW and one of them intersected native copper, so it could increase the resource base quite a bit.To date a total of 9 diamond core holes and 12 RC holes have been completed, with assay
results still pending.
AZS announce a significant upgrade to their Moly prospect with the results below.Hi Kennas,
I think 0.32% MoS2 is only around 0.192% Mo. Regardless if your calculation is correct, a world class deposit indeed.
To work out how much the Re is worth divide it by 3 and that will give you an AuEq grams / tonne
6 metres @ 3.0 g/t Au Eq,
329 metres @ 1.1 g/t Au Eq,
48 metres @ 5.4 g/t Au Eq,
5 metres @ 10.7 g/t Au Eq,
73 metres @ 2.2 g/t Au Eq,
2 metres @ 6.3 g/t Au Eq,
9 metres @ 5.1 g/t Au Eq
I'm buying up Moly stocks but I'd like to see more drill results. One hole doesn't instill much confidence.
Yep but it was only a few meters:I posted this on another forum - but what is todays announcement @ 3.08% MoS2 worth in AuEq? This is what I came up with.
....
According to my calcualtions thats about AuEq 50 g/t - but do please check and confirm.
Kalman Drilling – Partial Drillhole Intercept Update
The Company is pleased to announce that a series of assays has been received from ALS Townsville.
In summary, the results have provided the following downhole intercepts for the diamond drillholes.
K-53:
14m from 238m @ 0.96% Cu, 0.31g/t Au
9m from 252m @ 0.32% Cu, 0.46% MoS2
35m from 270m @ 0.46% Cu, 0.02% MoS2
K-57:
4m from 313m @ 0.81% MoS2
K-58:
42m from 260m @ 0.74% MoS2
6m from 291m @ 3.08% MoS2 (open at depth, awaiting assays)
That does sound good.That's the same as 100 metres @ AuEq 3g / tonne! Excuse me!
Down 15%. Any ideas?
One trade (I think) at 14.22 of nearly 400K shares went through...That's a lot of dough for any small time investors/traders...
Since it broke $0.75 just a few days ago, it's just being smashed.
The facts haven't changed. This thing is sitting on a massive resource!
That does sound good.Wonder if the market is ever going to wake up!!
What's your pluck for the initial JORC Joools?
I'm going for about 130Mt@2% Cu equiv.
A reminder of some of the early holes:
329m @ 0.46% Cu, 0.23% MoS2, 0.22g/t Au, 0.01% U3O8 for (2.51% Cu Eq)
73m @ 0.22% Cu, 0.43% MoS2, 0.13g/t Au, 0.09% U3O8 for (4.96% Cu Eq)
339m @ 0.54% Cu, 0.11% MoS2, 0.29g/t Au, 0.02% U3O8 for (1.79% Cu Eq)
kennas
What's the average grades of Mo you think we can apply for IGV lazyfish?I am getting 39MT for just the Mo Mineralized zone. This is just the Mo Zone, and the Cu-Au zone is significantly larger, at least on section 5635.
My calculations based on the 2 available cross sections (excluding possible northern extensions)
Section 5635, cross sectional area for Mo Mineralized zone = 13061m2
Section 5400, cross sectional area for Mo Mineralized zone = 13386m2
Strike (without northern extensions) = 1093m.
Volume = 1093 * (13061 + 13386) / 2 = 14453285 m3, using density of 2.7, we get 39MT of Mo. The Au-Cu zone should be larger than the Mo zone, so I think it's unlikely that we will see below 100MT, unless they are using a very high cutoff. Possible northern extension should also add significant upside.
Please DYOR.
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