Monday, November 26, 2012

Blackheath BHR.v drills big tungsten results



Are these good? Oh hell ya! This is exactly what got me thinking about these properties last year while researching HPY.v. Now that prices are strong reactivating mines like this is a no brainer especially with drill results like these. BHR.v will continue to hit good results. I can't wait to see what's under the dome where the gold is but it's probably a bit early to talk about that zone.
This is 500 cubic meters more pay dirt. Call it an average of 1.72% or $5.5 million worth of tungsten. As the shape is defined better a more accurate dollar figure can be obtained. The above rough calculation doesn't take into account that this is a continuation. It would be fair to say that in the distance spanned between holes should be counted as 1 unit.
  1. CO 7/12 was collared approximately 16 metres west of historic drill hole 79-13 (7.46 metres @ 2.43% WO3) and16 metres east of historic drill hole 77-64 (6.3 metres @ 1.65% WO3).
  2. CO 8/12A was collared approximately 25 metres west of historic drill hole 77-64 and 25.5 metres east of historic drill hole 77-69 (2.39 metres @ 0.89% WO3 within a greater interval of 6.71 metres @ 0.41 % WO3)

Hole IDTD (m)From (m)To (m)Intercept (m)WO3
(%)
CO 7/1277.9044.5752.557.982.11
Including50.0052.552.554.24
CO 8/12A95.6081.4085.554.150.71
Including81.4083.822.421.15


By comparison from HPY.v

 ------------------------------------------------------------
 |        |        |Hole |From |To   |Interval|W03 |W03     |
 |----------------------------------------------------------|
 |Prospect|Hole    |Angle|(m)  |(m)  |(m)     |%   |kg/tonne|
 |----------------------------------------------------------|
 |RC      |F11-07  |-55  |14.3 |19.0 |4.7     |1.02|10.0    |
 |----------------------------------------------------------|
 |RC      |F12-07  |-90  |13.0 |16.0 |3.0     |1.18|11.8    |
 |----------------------------------------------------------|
 |RC      |F12-09  |-90  |15.0 |26.0 |11.0    |0.80|8.0     |
 |----------------------------------------------------------|
 |RC      |F12-10  |-55  |17.0 |19.0 |8.0     |0.46|4.6     |
 |----------------------------------------------------------|
 |BN      |F12-26  |-48  |3.0  |6.0  |3.0     |1.93|19.3    |
 |----------------------------------------------------------|
 |BN      |F12-27  |-80  |1.9  |6.0  |4.10    |1.78|17.8    |
 |----------------------------------------------------------|
 |BN      |F12-27  |-80  |83.2 |98.0 |14.8    |4.04|40.4  |
 |----------------------------------------------------------|
 |BN      |includes|-80  |138.0|143.8|5.8     |2.01|20.1    |
 |----------------------------------------------------------|
 |BN      |F12-28  |-90  |83.1 |86.0 |2.9     |1.20|12.0    |
 ------------------------------------------------------------
It's pretty clear that these two picks are the top rated tungsten guys. There's not likely going to be any rivals for share space. Unlike graphite where there was a lot of buzz and a shake out (see The Merc Geo) there just are not that many deposits to examine.

14 comments:

  1. Right again Webs, I am so glad I cashed out of CUU to be HPY :)

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  2. You didn't take any cuu back at the last dip? They are going to close a deal very soon.

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  3. It looks like we still have some time - if I get this right, I will be on a wining streak for both ;)

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  4. CUU closing a deal soon? lets hope so lol
    Is December the month for copper fox metals?

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  5. By all accounts it should be. Unfortunately for a bunch of guys they will have to sell this month. Then at the end of Dec there will be a pretty big wave of people selling if this isn't wrapped up. Then I suspect law suits are going to start and the water is going to get muddy. I'm sticking around until the about 20th then I'm bailing too. I'm advising all my friends to do the same. I don't think anyone will want to be in this when the new year comes around.

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    Replies
    1. IC, nothing will happen til year end, ok...

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  6. So do you like BHR over HPY or vice versa?

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    Replies
    1. I like both because there's a difference in timing. BHR will get their PFS first. Unless HPY changes their mind and targets a buyer it will yield second. HPY has more prospects and is a multi year stock. After the tungsten comes the gold or copper. Also note their rarer element contents.

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  7. Just for perspective, Woulfe's is a grade of between 0.5% and 0.6%. Deposits averaging over 1% are stunning. The economics are fantastic.

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  8. I really like what I'm seeing here web. Post CUU I'll be chipping away at both Happy and BHR. Great blog!

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  9. Finally got my transfer completed...had a good day. Got some CUU at the dip today...grabbed a few more on the way down from the peak and picked up some HPY. Now, if I could only get my hands on a few more BHR !

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    Replies
    1. Hear ye hear ye - a round of CUU and HPY for everyone, heheh! Nothing yet - I gather it's going to be next year most likely

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  10. Next year...Crikey! Oh well, I was also filling out my transfer forms for January 1...you know, the non-registered account funds into our TFSA'a, $5500 worth of CUU each this year. That should take some of the sting out of the taxes owed on the profits in the non-registered account...while we wait.

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