I added emphasis on Lillar's report, just my opinion but I sure enjoy using Mike's 3 billion ton and about $50 a share, but for now I'd love $20 for LDM & LP
:-)
p.s. Somebody please send Lillar's report to the parents of our beloved so they can read it to them as a bedtime informational piece, they have been reading entirely too many Disney stories lately...
Using available data, simple volumetric calculations can be made regarding the potential size of the Lipangue breccia target. Surface mapping and geophysics indicate a potential strike length on the order of 400 meters, striking east west to east southeasterly. Cross section A-A' has an apparent breccia zone thickness of approximately 70 meters. The breccia zone in this section demonstrates good geologic continuity over a dip distance of approximately 275 meters. The sulfide content of the breccia zone is such that the rock will probably be relatively dense. Using a strike length of 400 meters, a projected dip length of 325 meters and a density of 2.75 tonnes per cubic meter, the Lipangue breccia pipe has a target size on the order of 25,000,000 tonnes.
This is only an effort to quantify the potential size of the prospective target with the limited data available. Grade estimations can not be made nor should it be assumed that the entire breccia zone would be of economic grade. Should additional work demonstrate that the zone has a more northerly strike, the potential target is smaller. Should the breccia zone extent to a greater depth or prove to have a longer strike and/or greater thickness, the potential size is larger.
While the breccia zone represents a very attractive target by itself, the Lipangue Breccia project has additional exploration potential. Breccia pipes often occur in clusters so the potential exists for more pipes to be found. The potential also exists for a copper porphyry deposit (± precious and base metals) to be present at depth.
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