CP is only one part of the whole scenario.
We have gold at Lydia to the east of CP. we have gold at the old gold mine Crown, south of CP, to the immediate south Battery then running south along a string of all workings, we have gold at Transylvania and Granite well further south. To the north of CP one old mine know as Young's. What is between Youngs and CP, but that may not be found out for a few years.
Now THX are looking at what is between Lydia and Crown Prince, this and most of the claim area has deep transported soil cover. So they have completed a Air Core Drilling program sending away over a 1,000 assays, plus they have completed a Sub Audio Magnetic survey "SAM" over this same area, with announced preliminary success. While the SAM team is on site they are going to run this proven system over the other discoveries, who knows but the drilling done to date maybe only sitting on the eastern edge of the main system.
It has long been theorised that the gold in this area is coming from a deep primary source, what if there is another CP close by. If there is SAM will find it.
CP has a resource previously reported of about 30,000 ozs to just below the old workings, they are also drilling a deep hole at present to establish further grades at depth.
I must finish by saying that if they find a large tonnage which bulks out at 2g/t, it will be in line with all the other current mines in the Meekatharra area.
THX Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
(20min delay)