Hi VB and TR1,
Now that we have two experts here on this forum (no offence to other posters!), who clearly have a much better understanding of assays, geophysics etc. than I do, I thought I should post a summary of the information that I have gathered (from various sources) over the past 3 weeks, which, from my amateur perspective, I think you might find interesting:
1. Due to the fact that there was quite a lot of drilling undertaken within MTJV tenement R63/4 over the last ca. 14 years, CNJ have a lot of drill cores that they can have reassayed (for PGM's, Copper, Lithiium, Rhodium etc.). This will allow them to also far better understand the almost entirely unexplored eastern part of R63/4 and accordingling develop a 3D model of R63/4.
2. Almost every drill core that CNJ have ever had assayed (within the MTJV tenement R63/4) has never been assayed for PGM's, Copper, Lithium, Rhodium etc., i.e. the assaying that was carried out was mainly done to ascertain the presence of Nickel (and Cobalt). In addition, there were some drill cores that were never assayed at all (for whatever reason).
3. After their drilling program in the eastern part of R63/4 has been completed and the assays have been tabled, CNJ will be able to add this data to their existing data and 3D model from R63/4 and then develop a final and complete 3D model for the entire MTJV tenement R63/4. Having said this, as it already stands right now, CNJ already have a very "high detail" geophysical overview of the entire MTJV tenement R63/4.
4. With regard to GAL's major Callisto "PGM" (with Rhodium!) strike and the distinct possibilty that it extends 1.5 kms into the eastern part of the MTJV tenement R63/4, CNJ clearly now know exactly where GAL drilled at Callisto. Therefore, CNJ should have a very good idea where they should now be drilling, apart from also being able to reassay a few old drill cores (for PGM's, Copper, Lithiium, Rhodium etc.) that were very near or within the eastern part of the MTJV tenement R63/4. Having said this, there were very few drill cores that were drilled very near or within the eastern part of R63/4.
5. I have been told that there were were two holes drillled at R63/4 that revealed significant levels of Rhodium. However, I have not been able to find these assays. Therefore, I do not know the grades.
6. It goes with saying that the "signatures" from within MTJV tenement R63/4 will be hugely important. Enough said.
7. IMHO, there appear to be 4 different "deposit" types that are present within tenement R63/4 i.e. a. Laterites. b. Pegmatites c. VMS and d. Primary Sulphides (just like Callisto!).
8. It is very clear that within the next few months i.e. after their drilling program in the eastern part of R63/4 has been completed and the assays have been tabled, CNJ will be at a very advanced stage with their knowledge of the entire MTJV tenement R63/4, including, and in particular, the eastern part of this MTJV tenement R63/4, which just may be the jewel in the crown.
I would very much very much appreciate your far more experienced input on all of the above (other "savvy" posters are also welcome to join in!).
Moving along, and reading between the lines, I believe that the promotion of TAJ to the position of non-executive director at CNJ, will mean that TAJ will be overseeing both the upcoming drilling program in the eastern part of R63/4, as well as the impending exploration and drilling programs at Ryberg and Mestersvig (which will start at Ryberg any day now!). Having said this, with Thomas Sant (TS) now having been officially appointed to the position of "exploration manager" for East Greenland, I see this as allowing TAJ to spend considerable time overseeing CNJ's upcoming drilling program in the eastern part of R63/4. Why? Because quite clearly, since GAL's adjacent Callisto "PGM" discovery, the eastern part of R63/4 has taken on top priority for CNJ, where TAJ will be playing a leading and vital role. In this regard, I have no doubt that TAJ is already licking his chops (as I also am!).
I therefore expect TAJ to fly into WA just before or when drilling commences at R63/4 i.e. he is very much a "boots on the ground" type of geo (as most geos are!). IMHO, it is also quite possible that TAJ will remain with his "boots on the ground" at R63/4 in order to inspect and "hand" assay all of the R63/4 drill cores with an XRF analyzer and laptop in real-time. When he is finished doing this, and while he is waiting to the assay results to return from R63/4, he can then return to East Greenland to rejoin TS and his team at Ryberg, where I am sure that by then there will be rock samples and drill cores waiting for him, primarily from Miki (Nickel, Copper, Cobalt, Gold, PGMs), Cascata (Gold, PGMs), Sortekap (Gold, Nickel, Cobalt) and Pyramid (Magnatite, Nickel, Gold), but quite possibly also from several other "Ryberg tenement" prospects, to be "hand" assayed (once again with an XRF analyzer and laptop in real-time) before being sent off to the lab in Ireland for a quick turn-around and subsequent release to the market. During this wait for the assay results, TAJ, TS and the team can then move onto Mestersvig for a rinse and repeat.
Finally, and having said all of this, if after the drilling program in the eastern part of R63/4 has been completed and the assays have been tabled, that it is clearly apparent that CNJ (and GSR) have their very own major "Callisto style" PGM (and Rhodium!) discovery on their hands, you can bet your bottom dollar that TAJ will be spending lot of time in Perth deciding on (of course with the BOD from CNJ as well as the geos and the BOD from GSR), which is the best way to proceed forward. Part of this decision-making process could include discussions with Mark Creasy, Brad Underwood (both GAL) as well as IGO. During this time, however, TS will be ensuring that the drill bits keep turning at Ryberg and Mestersvig, drill cores and rock samples are logged, everything is sent off for assaying.
Although there is still a long way to go, the next 6 months will be highly interesting and potentially very rewarding.
Please note: This post, and indeed all of my posts, is my opinion only, and should thus not be considered as investment advice!
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