Magmatic Selloff a Bit of a Head-Scratcher
Magmatic Selloff a Bit of a Head-Scratcher
For some reason investors didn't like the update on Tuesday from Magmatic Resources showing it had made further strikes of low-level copper and gold at its wholly owned Corvette prospect in its Myall project in the hit central west region of NSW.
出於某種原因，投資者不喜歡Magmatic Resources週二發佈的最新消息，該消息顯示，該公司已在新南威爾士州受災的中西部地區的Myall項目中對其全資Corvette勘探區進行了進一步的低水平銅和金的襲擊。
Magmatic shares fell sharply - 30% after the update, though it recovered around half the loss on Wednesday, Thursday and Friday.
更新後，Magmatic的股價大幅下跌了30％，儘管在週三、週四和週五收復了約一半的跌幅。
It's not that the news from Magmatic was poor - it looks like some investors may have been expecting more from the update that what they got.
並不是說來自 Magmatic 的消息很糟糕，看來一些投資者對最新消息的期望可能比他們得到的要高。
The update was more confirmation that the company - like Alkane nearby and like Evolution and Newcrest did with their discoveries at Cowal and Cadia - will need more time to work out what they have in Corvette and Myall.
此次更新進一步證實，該公司——就像附近的Alkane一樣，就像Evolution和Newcrest在Cowal和Cadia的發現一樣，需要更多時間來弄清楚他們在Corvette and Myall中的內容。
That means more work on grades, tonnage, quality and how it will be processed - that point is already being addressed. Some of the grades in the update were a bit light for some investors, others accepted that it is a work in progress.
這意味着在品位、噸位、質量及其處理方式方面需要做更多的工作——這一點已經在解決中。對於一些投資者來說，更新中的一些成績有點低，另一些人則承認這是一項正在進行的工作。
Magmatic said in the update that an active drilling campaign had "continued to grow the mineralised system at the Corvette prospect."
Magmatic在最新消息中表示，活躍的鑽探活動 “繼續擴大了Corvette勘探區的礦化系統”。
Magmatic said the results also demonstrate that Corvette remains open in all directions, with prospect and regional scale vectoring work ongoing to fully unlock the potential of the area.
Magmatic說，結果還表明，Corvette仍然向各個方向開放，前景和區域規模的矢量工作正在進行中，以充分釋放該地區的潛力。
"Magmatic's management continues to recognise the immense ongoing potential of the Myall Project, having now significantly exceeded the original planned 8,000-metre diamond program," CEO Dr Adam McKinnon said in the update.
首席執行官亞當·麥金農博士在最新消息中說：“Magmatic的管理層繼續認識到Myall Project的巨大持續潛力，現在已經大大超過了最初計劃的8000米鑽石計劃。”
"With each drill hole completed, we are seeing the volume of copper and gold mineralisation in the system grow substantially."
“每完成一個鑽孔，我們就會看到系統中的銅和金礦化量大幅增加。”
"Our most recent drilling, including the latest oblique and scissor holes from the northeast, are providing our technical team with invaluable data on the geology, structure and, importantly, mineralisation in the Corvette area.
“我們最近的鑽探，包括來自東北的最新斜孔和剪刀孔，爲我們的技術團隊提供了有關克爾維特地區地質、結構以及重要礦化的寶貴數據。
(Scissor holes are drilled at angles to each other and cross at a planned depth to explore areas opposite those before they cross.)
（剪刀孔彼此成一定角度鑽孔，然後在計劃的深度上交叉，以便在交叉之前探索與之對面的區域。）
The latest 14 diamond holes (for 11,092 metres completed at the project), included the northernmost hole at Corvette to date, intersected copper-gold mineralisation and demonstrate the continuity of grade across parts of the mineralised area.
最新的14個鑽石洞（該項目完成了11,092米），包括迄今爲止位於Corvette的最北端的洞，它們與銅金礦化相交，展示了部分礦化區域品位的連續性。
That northern most hole encountered a 455.2 metre interval of mineralisation "within a broad pyrite and chalcopyrite formation" which are usually host minerals for copper and gold.
最北端的那個洞在 “寬闊的黃鐵礦和黃銅礦地層中” 遇到了455.2米的礦化間隔，這些黃鐵礦和黃銅礦通常是銅和金的宿主礦物。
The larger interval assayed at 0.13% copper equivalent, with 0.12% copper, 0.01 g/t gold and 11 parts per million (ppm) molybdenum from 249 metres deep.
較大的區間以0.13％的銅當量測定，銅當量爲0.12％，金0.01 g/t，來自249米深處的百萬分之11（ppm）的鉬。
Initial metallurgical test work on a composite sample from the Corvette prospect has demonstrated that sulphide mineralisation from Corvette is treatable using industry-standard grinding and flotation techniques.
對來自Corvette勘探區的複合樣品的初步冶金測試工作表明，使用行業標準的研磨和浮選技術可以處理來自Corvette的硫化物礦化。
The test results also show that gold and silver upgrade alongside the copper.
測試結果還顯示，黃金和白銀與銅一起升級。
"I am very pleased with the initial metallurgical test work for Corvette," McKinnon said in this week's update.
麥金農在本週的最新消息中說：“我對克爾維特的初步冶金測試工作感到非常滿意。”
"Although additional test work may be required in the future, these results represent another step in demonstrating Myall Project's potential."
“儘管將來可能需要額外的測試工作，但這些結果是展示Myall Project潛力的又一步。”
The future test work might also aim to produce a separate molybdenum concentrate, given elevated molybdenum grades in drill results.
鑑於鑽探結果中的鉬品位升高，未來的測試工作也可能旨在生產單獨的鉬精礦。
The Myall project is located about 60km north along strike of the Northparkes Mine, which is jointly owned by CMOC Group (previously China Molybdenum) and Sumitomo, from where Magmatic is targeting similar style mineralisation.
Myall項目位於Northparkes礦向北約60公里處，該礦由洛陽鉬業集團（前身爲中國鉬業）和住友共同擁有，Magmatic的目標是從那裏進行類似風格的礦化。
譯文內容由第三人軟體翻譯。