Hi
Heres my take. First off you have to go to the tables and see the grades over the intercept length. Than average the grade out over a mineable width. For instance the Eagle vein is intercepted over 1.2 m, well you can't go 1000 feet down or 100 feet down for that matter and mine 1.2m. You need a mineable width of 4m. Stretch the grade out over 4m, simply divide by 3, and all of a sudden your rock is worth $170 per tonne. And nobody is going down 1000 feet for that little bit of tonnage at that grade! I'm not bashing guys, it is what it is......
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AK07-011 45 meters to 215 meters (70 meters/ 229’), with an 11-meter interval (160.0 to 171.0m or 11m/36’) having an average grade of 0.22 % Copper and 0.207 g/t Gold. ---your best grade is worth $15.96 per tonne at todays spot and its 160m down.
AK07-03 44.7 to 73.5 meters (146’ to 240’). Within this mineral zone, a 5.8-meter interval (49.3 to 55.1m / 161.7’ to 180.7’/19.0’) returned a weighted average grade of 0.21% Copper and 0.257 g/t Gold.---Your best grade is worth $15.23 and its 160m down.
AK07-04 164.0 to 205.4 meters (41.4 m/ 136’), containing variable concentrations of disseminated chalcopyrite and pyrite. Within this silicified zone a 12.45-meter interval (165.3-177.75m or 540’ to 581’ for 41.0’) graded 0.203% Copper and 0.104 g/t Gold (0.30 oz/T Au)---this is worth $14.72 a tonne and is 165m deep.
which included the interval 165.3m to166.73m (1.43m or 4.67’), which returned 0.9 % Copper, 0.335 g/t Gold and 14.9 g/t Silver (0.43oz/T Ag).---this is worth $65.28 and is 165m deep.
A weighted average across 7.45-meters from 288.65 to 296.1m (943’to 968’/ 25’) throughout the Eagle vein zone, resulted in average weighted values of 5.615 g/t gold, 0.1 % copper and 7.57 g/t silver.---this is worth $178.18 per tonne and is 288m/1000 feet deep.
AK07-05 was a bust.
AK07-05 The 1.2- meter (3.9’) interval from 279.8 m to 281.0 m (918’to 921.9’) returned 16.6 g/t Gold (0.484 oz/T Au), 0.79% Copper and 34.1 g/t Silver (0.994 oz/T Ag)---this is worth $510 a tonne but is 1000 feet down. and its only across 4 feet, not a mineable width. Stretch it out across 4m or 12 feet and you rock is worth $170.
The main mineralized segment of the Eagle vein in AK07-05 assayed 14.96 g/t Gold (0.436 oz/T Au), 0.38% Copper and 30.1 g/t Silver (0.88 oz/T Ag) across 1.35 meters from 291.7 meters to 293.05 meters (4.4’from 957’to 961.4’). This is worth $488 per tonne but again is 1000 feet down. Again stretch the assay out over 4m or 12 feet and its worth about $170 per tonne.
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Nobody and I mean nobody is going underground 160m and almost 1000 feet to mine these grades over such narrow intercepts, and remember a narrow vein like that doesn't represent any meaningful tonnage.
I don't know what ASW's IR is thinking about today but hes dead wrong about these being spectacular assays. Doesn't mean theres not better to be found, or that they eventually won't prove up a deposit, just these are in no way shape or form economical and thats why I got out and so did lots of others. There a start, not a good one but there a start, thats all you can say.
Don't forget the fact they won't even get a drill turning for a couple of months and no assays for a few after that....
ttfn
nopoo
