The hunt for Conglomerate gold will send the shareprice upwards, IMO. Companies like ARV, DEG, KAI, CAI, VXR, DGO and others have seen their share prices double and triple simply by announcing gold nuggets discoveries in the Pilbara conglomerate gold areas. Check the map out, Mallina is next to DEG area.
Sayona has identified Fortescue aged rocks, which signal conglomerate-hosted gold potential within its Mallina Lithium Project located in the Pilbara region of Western Australia.
The Fortescue aged rocks have specifically been identified on the 119 square kilometre Deep Well tenement application within the Mallina project.
Reconnaissance exploration was originally attempting to locate outcropping pegmatite prospective for lithium but instead identified Fortescue aged rocks along the western tenement area.
The conglomerate at Deep Well ranges from quartz pebble conglomerate to those being dominated by felsic volcanic and chert clasts.
The best-known conglomerate gold deposit in the world is the Witwatersrand of South Africa that has produced >1.5 billion ounces of gold, more than one third of all of the gold produced on Earth.
Further work at Deep Well is planned in order to better understand the geology of the area and it’s potential
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