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2.7¢ goldoz limited

"You dont have to wait a year to find out since these guys...

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acreage

3,989 Posts.

17/07/15

12:15

Post #: 15651036
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Originally posted by copperroad ↑

If you were to look at the initial results, you might think they don't look strong but here are several main reasons why they are very strong.
The surface material is not the main game, they have found diamonds at or very close to surface. This is recent material which means the diamonds were deposited on site recently. These are gem quality diamonds and one would not expect to find diamonds that close to the surface.
The main game are the slightly deeper more ancient gravels. These gravels are the real diamond trap and they have not been accessed just yet, simply because they needed a larger machine on site to penetrate the calcrete.
The Marangi deposit is basically the bottom of an ancient pipe and some 80% of that piped has been washed away. Where do you think a lot of those diamonds ended up? Where do you think a lot of the other pipes diamonds ended up? You will notice that these diamonds are different colour's as well, suggesting more than one pipe has ended up on this ground. These guys have only scratched the surface and they have already found diamonds.

Mustangs area is feed by Marangi and many other diamond pipes over many tens of millions of years. All the diamonds that have been found to date, have been washed there from these major diamond pipes up stream. The company has proven the geological model straight up. This is a big lease and ancient river beds lay under this surface material and can be accessed with the right equipment. The company has announced that this equipment has been purchased. It is either onsite now or being transported there now.
The deeper gravels are the real game changer. Take a look at NWF preso's and you will see they have some 10m of waste sitting on top of a very thin diamond layer. I don't think they are finding any diamonds until they hit that layer, so MUS results are very encouraging. I think its way too early to put the cue in the rack here, its only starting. If these ancient gravels come in, the stock will be completely different and the register will change very quickly. You dont have to wait a year to find out since these guys should find stuff within the next couple of months. dyor

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"You dont have to wait a year to find out since these guys should find stuff within the next couple of months. dyor"

I wish you luck copperroad, sincerely!

Read the coy ann's over and over again. IMHO I think we will see sub .10 way before we see .30

Some significant comparison's for you to read over.

14/07/2015
This is a very exciting find for the Company and significant as it was recovered from the shallow deflation surface gravels.

21/10/2011
"Golden Gate Petroleum Ltd (ASX: GGP) is pleased to announce a significant oil and gas discovery at the SRH-C # 6H well located in Reagan County, Texas

"During circulation, the mud weight declined due to oil flowing into the circulating mud. Several barrels of oil were recorded at the surface. Normally, these formations require stimulation for oil to flow. As a consequence, expectations are that some of the intervals to be tested will most likely produce at above normal flow rates given that the oil is flowing to surface before any fracturing treatments.

Last edited by acreage: 17/07/15

MUS Price at posting: 23.0¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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