Short Term Trading Weekend Lounge: 13-15th Oct, page-120

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Green Bull

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15/10/17

20:08

Post #: 27917955
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Originally posted by john435 ↑

Earlier in the week I posted a map showing the conglomerate path that Novo Resources had shown in some of their presentations at Purdy's Reward and Comet Well overlaid on the formations in the area .What showed up was a formation called the Nallana Formation which seemed to lie below the Mount Roe Basalts and where their conglomerate appeared to exist. Here's the original map below
View attachment 772899
Then I went in search of the Nallana Formation occurring elsewhere in the area and what turned up was some ground held by BCI .A further ASIC search of the companies register revealed other ground held by BCI under various other Pty Ltd's .As such for the last few days I have been buying BCI. I suspect others are aware of it as well as there were a few big volume days for BCI on the 3rd and 5th of October . Here is a bigger map of the area showing the Nallana Formation on BCI ground
View attachment 772914

You will notice too that on Artemis's Mt Oscar Wits block (where they have reported another conglomerate belt ) two other formations appear ( Cleaverville Formation and the Warrambie Basalt) which also occur on BCI ground as well as a small outcrop of Mount Roe Basalt. The Louden Volcanic member mentioned in DEG announcements also sits on BCI ground .Below is a simple updated tenement map of the area .
View attachment 772923

Further to the west you will notice two other blocks of BCI where among other formations the Mount Roe Basalt appears again and in the next small map I show the older formations which underly the Mount roe Basalt there .
View attachment 772929
I'll continue this further in another post to show the ground that BCI also has in the area around Marble Bar

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Great maps John - thanks for putting in the time and sharing with everyone.

If you can add MLS to a couple of the blank spots that you have there, that would be great.

MLS are literally next to/in-between and touching both BCI and ARV Oscar Wits tenements.

MLS seems to have one of the best locations and close to all the Novo/ARV discoveries when looking at the maps below.

I've attached my map and your map with MLS locations on it.

If you could add MLS onto your maps, that would be (John) Legend-ary!

MLS is one of the ones still to have its run and is at $8m MC.

Thanks.

GB.
14 Upvote

0 Great analysis

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