I see you seem to have researched Heron well and although I have reservations about Heron's current and future ability to make its cash really work, I saw that you had asked the question "does Heron own the Mt.Allan project?" and since very good announcements have been made from Straits Resources and more recently Peel Mining, I thought I would point out the following from Heron's latest quarterly. THE PEEL MINING RESULTS could be of future benefit to Heron's arrival in the area and as you pint out, "just to the south along structure" ............................................................................
Heron has also applied for a number of additional tenements in the eastern Lachlan Fold Belt of NSW, where there is good potential for high grade copper/gold and base-metal deposits to be discovered (see Figure 11): ? Sussex (~600km2) – located 50 km east of Cobar, the area contains a strong magnetic high within Girilambone Beds under shallow cover along strike from historical copper workings and other base metal and gold occurrences. ? McKinnons South (~300km2) – located some 25km southwest of Cobar, the area contains a magnetic high along strike to the south-east from the McKinnons epithermal gold deposit that was mined in the mid 1990s. A number of historical geochemical anomalies are present as immediate follow-up targets. ? MT. ALLANS (~300km2) – located approximately 100km south of Cobar, the area is adjacent to a number of gold and copper/gold mines and occurrences. Several mineralised structures pass through this tenement application.
HRR Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held