Friday, June 8, 2018

Aguinaga - initial results.


I apologize, in my last post on Aguinaga I made a prediction that the initial drilling would intersect:

Unfortunately, I don't think the results will be very special, I'm guessing that they come in around the 0.4-0.6% CuEq level.


The core photos from hole 01 look a bit anemic. They look similar to the low grade holes at Alpala, that typically ran around 0.5% CuEq (typically 0.3% Cu and 0.1-0.2 g/t Au)

This is what we got:

I'm sorry to inform you that I was correct, and I'm as concerned as you all are about this accidental correctness. I promise that it won't happen again.

I was disappointed that they didn't break down the results, or tell us how much the CuEq value came from copper and gold.

However, in the March PR (link) we were told:

So what happened to the other 100+m of strong mineralization? Is Aguinaga suffering from Cordoba syndrome - the copper mineralization was in the other half of the core that didn't get sent to the lab.

I've updated the Leapfrog View for Aguinaga (link). I've had to estimate the down-hole depth to mineralization as the "from" and "to" information wasn't included in the PR.

A quick exploration comment, the footprint of the Aguinaga porphyry looks relatively small, I'm concerned that a few of the proposed holes (including hole 3 and 4 that are currently underway) may miss it.

Will all the holes hit the target?

TL:DR version - Aguinaga isn't looking very special and the lack of disclosure on the results is really irritating. I would like to see a proper table showing a proper break-down of results.


  1. Under the 43-101 guidelines any equivalent grade must include the individual components and the formula used to calculate equivalent grade.

    1. They may still be 'using' the AIM guidelines.

    2. They are TSX listed. They have to report according to the 43-101 guidelines.

  2. Damn Cu equivalent strokery. If I had a nickel every time some Venture chitface basterd booked big equivalents from uneconomic elements NEVER to be mined, well, I'd a chitload of icky nickels fer sure.