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Monday, September 12, 2016

A challenge for you.

We've recently read that about several resource calculations that have gone astray, so I decided to give you a little test.

Here is a leapfrog viewer file (link) of the gold assays and veins for Dalradian's Curraghinalt deposit.

Your challenge is to pick which intercept is related to each vein specific vein.

It is an impossible task, but the idea is to show that in many deposits the mineralisation isn't typically in a single vein/manto/disseminated zone but is much more complicated.

We, the public, only get a simplified snapshot of the data. This is, for obvious reasons, presented in the most positive way possible.

I'll show you my interpretation if you show me yours!


15 comments:

  1. Shame on you AG, again, for tasking us with the patently impossible. My point with this missive is the 'rock' solid fact that the dirtier the rock mutt at this 'interpretation' thingy the more crooked career securites MFers will be beating a path to that door.

    Case in point is chitface Peter George, a name we know well. IF a body sees the same name on multiple securities interpretation 'errors' the far greater the chance you have a massive large crooked pee pee up yer too trusting anus. (Ore.v pffft)

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  2. Dear Angry, since you seem to follow Peru mining and geology - may challenge you to look at the LAT geology - Latin American Minerals - a district size mining are that has not been thoroughly drilled yet and predict what the first drilling results will be that will be published soon this fall - average grade, inferred resources. How likely it is that we are onto something great here ...

    http://palisade-research.com/dwarfs-standing-on-the-shoulder-of-giants-latin-american-minerals-tsxvlat/

    Latin American Minerals’ gold project area consists of a staggering 15,020 hectares and is analogous to district plays like Anglo Ashanti’s 6 million ounce, Cerro Vanguardia, and Goldcorp’s 4.5 million ounce, Cerro Negro.

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  3. 'staggering' 'district sized' 'something great' 'analogous to district plays'

    Hardy Har Har. Venture arse-wipe touters best realize we're too long in the tooth to be impressed by abject verbal diarhea. Odds are when we hear it, again, we'll toss the chit into the garbage instantly.

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  4. Pretium Resources Inc. - PVG.t has juiced their M&I to 9.1 million ounces Au. Rubber hits the pavement there the middle of next year. http://canadastockjournal.blogspot.ca/2013/10/pretium-resources-inc-pvgt.html

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  5. AG,
    AXR/AXU just released some initial assays from their current program. Any opinion?

    http://www.alexcoresource.com/i/pdf/nr/2016-09-13_NR.pdf

    .

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  6. Did Alexco Resources Corp. - AXR.t today. These boyos go to very extreme lengths to spew about 'leverage' to silver. That might be fine if they were producing it profitably, but they ain't. Recent large dilution with funds going to drill campaign and its an almost certain fact the best and cheapest has been extracted from Bellekeno years ago. I have nothing bad to say, but for my money there are better 'leverage' silver plays out there with a FAR lower market cap, and thus lower risk.

    http://pennystockjournal.blogspot.ca/2016/09/alexco-resources-corp-axrt.html

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    Replies
    1. Ace please throw me several silver names to look at please. No large caps.
      TIA!!

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  7. I think my only 'issue' with AXR.t is that it was $ .40 in January and is over 6 times that now, giving a market cap well past $ 200m. That's for a shuttered mine. Boys have silver but it is high cost and is another multi-bag even possible? Probably not but who can say? If this was a 'slam dunk' that plant would be spitting out Ag right now.

    I follow a zillion juniors and don't make investment recommendations. There are soooooo many to choose from its near impossible to fall in love with one above all the others.

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    Replies
    1. Thanks. Here is what I own in no particular order: AXR, IPT, EDR, USA, EXN, ASM, GPL, GSV, TGD,GCM and MUX.

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  8. Updated TMM.v
    http://pennystockjournal.blogspot.ca/2013/01/timmins-gold-corp-tmmt.html

    We again gossip about MT at IncaKola. I read his blog and often his poop is good. I admit this, openly. Having a massive ego as a blogger is fine, up to a point. We are nada worthy. With that caveat he spews (for the fourth time in two weeks) about his unmitigated guru call on Copper ... over an $ .08 rise from $2.08 to $ 2.16. That's a whopping 3.8% move.

    MT, don't be a dorkazz. LME inventories have surpassed 350k tonnes and RSI is pegged flatline at the top. MY call is a re-testing of $ 2.00 in weeks. That would be 16% move and is enough to make some fukkin dough at least. When it comes to pass I won't be breaking my own arm patting myself on the back ... this sure as chit ain't rocket science.

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  9. Tom, it appears that your stock selection is fine, I own several of them also. My opinion is that rising metal prices will make all of those stocks you listed rise. Now it is up to you to study each company and see which ones will perform, the best to the worst, in your list and place your capital weighting accordingly. May I suggest spending your time understanding what each company has going for it. Call up their IR officer and have a chat, ask them to give you the scoop. Look at charts for all those companies from long term to 5 minute. Do ratio analysis comparing one company against the other to see who has been out performing price wise. For example going to stock charts do a ASM:GPL or IPT:EDR and look at those charts. Anyway that is what I do and I hope this helps...GLTA

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  10. Thank you Silverwood. A post without vulgarities and one that uses good English! I will look a bit closer at ratio analysis. I buy a basket that way I do not get as much stock performance envy if one I own does not go up as much as one I do not own so I bought most of the names I like.

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  11. AG: cant download the files, is it 'cos its mac laptop? well i wanted to try even though haven't done anything like that till now.

    To TOM: I would suggest you sell half of your MUX and GSV shares, take some profit and rotate to TGD: Timmins Gold. TGD is undervalued and it has more upside than gsv and mux

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  12. PO Go you read my mind I did sell MUX this morning too early,
    :-(( , but rotated some into TMM and my other small silvers which did quite well today.I have trimmed back GSV as much as I want. I still like the idea they have a lot of assays to follow the rest of the year.
    Best Regards,
    tom

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  13. Today we have what could be a heads up ... Serengeti Resources Inc. - SIR.v. Boyos pulled an extraordinarily long one of 438m grading 0.71% Cu, 0.83 g/t Au. That includes 19.04 % Cu , 6.52 g/t Au over 3.6m within a 233.6m interval grading 1.18% Cu, 1.3 g/t Au.

    Some too impressive numbers here folks. Latest is $ .21
    http://pennystockjournal.blogspot.ca/2016/09/serengeti-resources-inc-sirv.html

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