|Realistic metal prices....not!
|Low grade zones always are on a diet, whereas high-grade area (like small dogs) expand to fill as much space as possible...
Here is a Leapfrog view of the data (link). I had to use trigonometry to estimate the hole lengths and dips, and so they will be a bit out.
|My long section (looking north - east to the right). Showing DH intercepts and 50m, 100m and 200m radius buffers.
La Guitarra - First Majestic
Los Gatos (Sunshine Precious Metals)
San Jose (Quintana Resources)
San Martin (First Majestic)
Santa Elena (First Majestic)
We can see that there are many different criteria, but in general we get:
- Indicated Resources ~50m sample/drill-hole spacing
- Inferred Resources >50m (but anything massively over 100m is unrealistic).
So First Majestic do seem to be pushing the limits for the resources limits at Ermitaño, nothing major, but a hole drilled between 06 and 10 would be a good idea to increase confidence, especially in the western area where the few, high-grade holes are >100m apart.
The fact that First majestic plan to drill 18,000m at Ermitano is very positive, it shows that they are confident in finding new zones and expanding on the known resources, but it would be nice to have a bit more information (e.g. where the heck is the Aitana vein located) showing targets and proposed exploration areas.