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gitreal

07/14/17 8:02 PM

#17382 RE: OJSIMPSON2017 #17381

I didn't say it was fantastic. It certainly isn't - it is exceedingly marginal grade. It would take some very favorable factors to make it economic. But if 1990 meters of drilling averaged 0.392 g/ton, it would be very interesting from a sheer tonnage angle.

Unfortunately, it isn't true.


No credible mining/exploration company would ever take the sum total footage of an entire drilling program and present an assay average. It just wouldn't be done that way. For one reason, exploration drilling typically drills some distance past target structures or lithologies, and you often end up with the bottom 50 or 100 feet of a drill hole being dead. Why in the world would anyone average the dead interval in with the higher intercepts?

Furthermore, that PR was not Argo's. It was a Mexus PR. As far as I know, Argo never released a PR, or even mentioned the drilling results in their own financial filings.