EMU 0.00% 0.1¢ emu nl

The geological model for these types are that they are big, and...

  1. 2,734 Posts.
    lightbulb Created with Sketch. 94
    The geological model for these types are that they are big, and run to grade.

    Salares Norte is the analogue, which is over 3.6moz at 4g/t
    http://www.goldfields.com/salares-norte-chile.php

    These are major high sulfidation epithermal occurrances which sit offset to big porphries which the Maricunga is legendary for. Caspiche is the super giant deposit next to Vidalita, and I was lucky enough to be involved in that discovery early as a shareholder of Exeter, which was eventually taken over by Anglo after discovering another massive epithermal deposit in Argentina and spinning it off into Extorre.

    Emu I bought into via the placement last year and I think it has a lot of potential from here. The management team have certainly hit something serious in this recent campaign and the topology of these deposits means that once you are onto them, they can be drilled out reasonably quickly.

    Lets see - I think this has the hallmarks of a major discovery.
 
watchlist Created with Sketch. Add EMU (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.