Hello Peter
I think you and a few other posters pretty much summed things up. There is not enough information here to draw any conclusions and the sample size is far too small to make any projections or comparisons to anything, including the Yuri float. In fact, I find this NR quite uncharacteristic as it leaves very obvious gaps that almost invite speculation and makes some forward looking statements that seem inconsistent with what HB typically puts out. I can't help but wonder if this is some one else's penmanship?
Regardless, what does this NR tell us for sure?
1. The dike is not out in the middle of the lake so far that it may not out crop on land in two directions, NW & SE, which sounds as if it is in a bay of some sort. If SUF is suggesting that it may out crop on land on the NW and SE shores of Munn Lake, then that is a speculative leap beyond the norm of any SUF NR I have ever read before.
2. The dike is diamondiferous.
3. Albeit, based on totally inadequate sample sizes, the diamonds per kilogram numbers are similar between the Yuri and the dike.
4. Again, based on totally inadequate sample sizes, the micro/macro ratios between the dike and Yuri are significantly different.
That is all this NR tells us…
Obvious questions and inconsistencies:
1. Why make a comparison of the dike and the Yuri based on diamond counts, especially with so small a sample? Why not make geochemical comparisons as there is far more obvious data and quantity to compare? For instance, did the Yuri have those 8cm Chrome Diopsides that the dike has? Are the pyrope geochemistry's identical? Are the eclogitic garnet %'s and geochemistry's identical? Is the % of G-10's identical? Are the MgO%'s & CrO3%'s in the Chromites and Illmenites identical? Are the Cr2O3%'s & Na2O%'s in the Clinopyroxenes identical? Are the Coesite geochemistry's identical? Are the P-type and E-type diamond ratios similar? Did the Yuri also have 60% eclogitic xenoliths?
2. When will this strike extension drilling occur? This summer or next spring?
3. Does SUF believe the Yuri could have been sourced from this dike?
4. If the Yuri was sourced from a possible land outcrop of 25metres or more, why has SUF not found such an obvious differentiation between the kimberlite and the host granite?
Sorry, as I said, this NR leaves me with more questions than answers and frankly as I also said above, it is quite out of character with SUF's previous NR's. In fact, I will go so far as to suggest that it is indicative of some of the BS I have read from less respected players in this industry and I would caution against making any investment decisions based on it.
Regards
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