Thursday, December 17, 2009

Animas (ANI.v): a real world answer

In the post Animas (ANI.v): a technical question of a couple of days ago, this humble corner of cyberspace mused on whether the share price weakness in Animas Resources (ANI.v) had anything to do with its upcoming drill results.

Now we know. The first set of core results were published today and sure enough, they suck. I wonder how Bob Bishop is going to spin this one?

 Summary of drill hole intercept of greater than 0.100 gpt over more than 2
meters

Hole Interval Thickness Average Grade
meters meters grams/tonne
----------------------------------------------------------------------------

Toro-Gregorio

ARTG-001 192.65-195.60 2.95 0.124
325.50-332.45 6.95 0.312
475.95-479.55 3.60 0.636

ARTG-002 0-6.10 6.10 2.390
256.75-263.00 6.25 0.702
430.50-435.30 4.80 0.271


Summary of drill hole intercept of greater than 0.100 gpt over more than 2
meters

Hole Interval Thickness Average Grade
meters meters grams/tonne
----------------------------------------------------------------------------

ARTG-003 32.85-42.45 9.60 5.450

ARTG-004 119.45-122.45 3.00 0.219
145.95-167.35 21.40 0.214
189.50-216.35 26.85 0.221
228.95-231.00 2.15 0.306
240.85-258.80 17.95 0.184
267.80-284.10 16.30 0.494
352.05-354.75 2.70 2.230

ARTG-005 No intervals

ARTG-006 546.70-549.75 2.55 0.149

ARTG-007 203.05-205.60 2.55 0.257
250.00-254.20 4.20 2.077
268.25-269.30 2.55 0.280
430.20-433.20 3.00 0.224
441.00-462.15 21.12 1.224




UPDATE: Oh lordy! 15% down