VAL 0.00% 0.1¢ valor resources limited

possible porphyry system

  1. 3,351 Posts.
    From a previous post.....

    Investors, we MIGHT have another Ivanhoe in Mongolia here. That is, if they start to see extensions and mineralisation at depth with the drill results. The thick intercepts and consistency thus far do indicate a big system...in my opinion, investors who sell out will rue their decisions.

    I had been watching their initial drill hits and although i was impressed, a confirmation of the mineralisation was needed. Their current results confirm this and are quite mind-blowing...

    84 metres at 3.2% copper from 30 metres out is impressive. Other results also come in ridiculously thick...of course, there is a silver by-product credit too.

    110 metres at 1.0% copper
    72 metres at 0.9% copper
    75 metres at 2.4% copper
    34 metres at 3.4% copper
    54 metres at 1.0% copper

    Furthermore the system is still open and at depth and strike! Usually one can bet their money based on just one or two drill holes [provided those holes indicate that a discovery has been made]. Of course, this takes some level of understanding of geology to be able to grasp the significance of those drill results and to assess whether or not those results indicate a serious discovery. But if one can buy into the company before the market grasps the full significance of a discovery hole, and that can sometimes take days, the investment results can be stunning.

    Some should Aurelian, which declared assay results from four holes in early April 2006, as well as from four holes in early June 2006 from their Condor project in Ecuador. Those results catapulted ARU's share price from around C$0.80 (in early April 2006) to a peak of around C$23 (in mid-June 2006). Those who understood the geology and therefore anticipated where this project was going actually bought heavily before the share price took off.

    As such, assay results are important and relatively easy to understand, but what really is much more important to understand is the setting of the mineralization. For instance, if in a porphyry deposit [i.e. Cughur], which tends to be large and consistent, a company drills a 100-meter hole of 0.5% copper, the odds of this turning into a big deposit are very good. I believe that the management is confirming consistency and understanding its geophysical signature.

    I have been buying in at the current price points. Porphyry systems are money makers for mining firms...VOR could do pretty well before this is over. However, i stress that we still need to see good thick intercepts on strike and depth.

 
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