Ann: Mt Gilmore Cobalt Project drilling commences-CZN.AX, page-26

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salpetie

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19/10/16

19:40

Post #: 19980287
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Originally posted by 436hilltop ↑

Mmm interesting , curious no one seems to mention the company’s flag ship prospect Frazer Lake Complex (FLC)
Brett Smith “the exploration upside of this project is potentially enormous”

There’s the obvious potential of finding a large nickel copper cobalt deposit at the FLC,also a
hidden gem in all the announcements that could put this company on the world map of nickel mines.
Hint, any samples from the west showing a different type of mineralization.
Oh well, at the most only nine trading days left before a trading halt.

500 samples results due October.

ASX ANNOUNCEMENT
23nd August 2016

Surface geochemical testing of Fraser Lake Complex (FLC) Induced Polarisation (IP) anomalies is underway –
o Approximately 500 samples will test the surface-expression of priority anomalies - results expected October 2016
o Targets predominantly under cover - interpreted to extend from near surface to depths +700m
o Sampling will target nickel-copper-cobalt magmatic sulphide indicator elements
 Geochemistry will assist in determining priority drill targets from multiple high-priority targets defined with very strong IP anomalies
 Sampling will also test areas where chargeability IP anomalies trend off survey area, towards interpreted feeder zone to the intrusive complex
 FLC is only 5km from Lynn Lake, historically one of Canada’s most prolific nickel producing mining centres:
o FLC twice as large as the Lynn Lake host intrusion
o Past sampling and drilling indicates area is anomalous in nickel-copper sulphides.

Hilltop

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Was it the current trading halt you were referring to? If so well done.

"Oh well, at the most only nine trading days left before a trading halt." actually about 30 minutes for this TH whatever it's about.

Agree with you the FLC is a tantalizing target. I don't envy the geochem samplers wading through muskeg and swamps to collect those 500 samples - been there, done that in Canada.

Last edited by salpetie: 19/10/16

CZN Price at posting: 1.6¢ Sentiment: Hold Disclosure: Held
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