How to interpret mining company announcements?

Hi there

We are wondering where we could find some information either on this site or other, on how to interpret the results posted by companies on the asx in relation to gold and copper/ Mining company announcements, we have no idea what they mean when we read them!!!! and wish to learn..........Any help would be most appreciated!!!!!!!!!! :?:?

See below link for example of a mining company release which we dont understand,we would like to be able to know what the following means as an example......

Highlights

Significant step-out intercept received from the Analytic One target, including:
 3m @ 7.76 g/t Au from 225m

Intersection confirms the Analytic One mineralised structure 30 metres to the west of Emmerson’s
maiden drill hole ANRC001 which returned 24m @ 6.27g/t Au from 246m incl. 3m @ 48.3g/t Au
from 264m.

gamefisherman said:

Hi there
Highlights

Significant step-out intercept received from the Analytic One target, including:
 3m @ 7.76 g/t Au from 225m

Click to expand...

"Analytic One" is the target. A target is typically something a geologist/geophisyscist has identified from (usually) an aerial survey (magnetic or otherwise) or it could have been identified during an earlier survey or a shot in the dark based on surface or nearby mineralogy... whatever... it is an area of interest.

3m of orebody at an average grade of 7.76 gram per tonne Gold (Au), down the hole at 225m. ie the intercept is not very wide and not very rich. A single drill hole in isolation means very little, so see below...

gamefisherman said:

Intersection confirms the Analytic One mineralised structure 30 metres to the west of Emmerson’s maiden drill hole ANRC001 which returned 24m @ 6.27g/t Au from 246m incl. 3m @ 48.3g/t Au from 264m.

Click to expand...

Drill hold ANRC001 is more interesting, it was the maiden drill hole in another target (Emerson's) 24m of 6.3gram per tonne Gold (Au) at 246m down the hole and 3m of 48.3 grams per tonne Gold (Au) at 264m. Are the two targets contiguous ? etc etc A geologist could probably tell ? or more drilling may be required.

You also need to look at the inclination of the hole the, strike of the zone etc etc etc to try to build-up a picture of the potential orebody.

The "Analytic One" mineralised zone has been drilled some 30 m further back from Emmerson's. If they assayed for Cu (Copper) they didn't find anything notable.

I am no Geologist and the last time I had anything to do with mining was 1994, so memory is getting a little vague, so make of that what you will Hopefully you will get some better answers

Look up terms like reserve, resource and understand them as well...

Not sure if that even makes any sense to you ?

Hi Trevor

Thank you for taking the time to respond to my post. There is alot to learn with this mining announcements. Your post was helpful and we are looking for more sources to build up a better picture, so when announcements are made, we know what they really mean.....maybe time to do a geology degreee......lol

best wishes and many thanx

Hi gamefisherman, this thread might be able to fill in a few gaps for you too.

https://www.aussiestockforums.com/forums/showthread.php?t=9561

As for the details of the announcement you put up;

It appears that Emmerson (a company I assume) drilled some RC drill holes with the first one ANRC001 intersecting 24m @ 6.27g/t Au from 246m down the drill hole. Included within that 24m intersection was 3m @ 48.3g/t Au from 264m. (interestingly the other 21m of the intersection averaged 0.27g/t , a bit of weighted average slight of hand there).

The company that released the announcement has drilled a hole that they believe has intersected the same structure as was intersected in ANRC001 approx 30m away. Their intersection was 3m @ 7.76 g/t Au from 225m.