Ann: Trading Halt, page-179

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no-idea2016

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22/08/19

08:50

Post #: 40088222
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Originally posted by BobbyKennedy: ↑

There are seven tenements covering 115 km2 comprising the Bronzewing South project, located south and west of the Bronzewing gold mine (Figure 2), including E36/854 which was famously fought over in the High Court by a number of parties in the late 1990’s. - This is HMX's BW South tenement

There are a number of historic drill intersections* from the tenements including:

4m @ 6.53 g/tAu from 56m depth, and 4m @ 2.03 g/tAu from 108m depth, in aircore drilling, and

4m @ 2.36 g/tAu from 124m depth, 1m @ 5.67 g/tAu from 127m depth, and 1m @ 4.42 g/tAu from 230m depth, in RC drilling

* Sourced from old Mines Dept reports by Audax Resources and Newmont Exploration Pty Ltd (See Appendix JORC Table).

Aircore results from tenement E36/854 (south of the Bronzewing mine) indicate untested gold anomalism along a trend east of where previous exploration for the southerly extension of the Bronzewing gold lodes had focussed. Examination of these data show that a depressed regolith profile exists here (Figure 3), similar to that originally found in early drilling over the 3.6 million ounce Bronzewing orebody.

End

This is why people believe the Bronzewing South prospect has so much value. Mark Creasey went ape sh1te trying to secure the rights but lost after lengthy court battles. I think Creasey (arguably the best prospector in AUS), Ziggy (another very well respected prospector) and others know that the mineralization extends south.

But I do agree with others here: just because we're neighbors, it doesn't mean you can comapre a $170m MC to our $17m MC. Bronzewing is a historic mine with a massive resource. HMX have doughnuts at this point... but we will in the near future.

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I wonder if the little minnow AYR has a sniff of something here too?

EAR Price at posting: 25.0¢ Sentiment: None Disclosure: Held
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0 Great analysis

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Ann: Trading Halt, page-179

Top Stories

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