GSR (ASX) Ann: Mt Thirsty Joint Venture Exploration Update

Originally posted by Patong1: ↑

With all the very good analysis here, was anyone prepared for a 45% tank?

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Originally posted by MarkyBoy49: ↑

I certainly wasn't.

Basically, yesterday wiped out most of my profits.

I am still trying to fathom out where the assay results from the "heavily disseminated sulphides" are. Surely 7 Geos couldn't have all got this completely wrong?

My focus is now on the two most recent holes i.e. MTRC0011AD and MTRC005D, which have intersected significantly thicker sedimentary
packages, which are interpreted to be a key control on mineralisation. If these holes disappoint, things will start to look very grim on the PGE etc. front.

Having said this, I am quite optimistic about the lithium to the west within the same MTJV tenement.

Best regards.

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Originally posted by roblun: ↑

I would also like to add, These results below from yesterday, I hold GAL and GSR/CNJ,

These drill holes are

The important thing about Phase 1 drilling activites is testing for the Extensions of the mineralisation

As you can see here GSR/CNJ drilling is like more STEP Out Drilling, then Phase 2 drilling campain will be more infill drilling

But these will be key Assay results to understanding the mineralisation, which GAL is doing, Brad has metioned this in the Australian Nickel Conf. video

I'm sure when GAL releases some more Assay results we will get a better interpretation of this Mineralisation on both sides of the tenements, So far GSR has 8 results from stepout drilling with a further 4 more assays and 8 more drill holes (RED DOTS) over the next month, Once they have all that information, Phase 2 Drilling will commence

I saw yesterday as a great buying opportunity, nice discount, I want all (GAL, GSR?CNJ MTJV) to succeed, Im incested in all 3, but there are people who need to announcements very carefully before pulling the trigger and selling like we seen happen on all 3 stocks yesterday

GLTAH & RDYOR

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No I wasn't either, but having read announcements from August to October over and over again and also information from GAL, i ended up buying more GSR at a 50% discount and GAL at a 25% discount yesterday and now hold more, This is only the beginning of the Exploration at Mt Thirsty for the JV and as stated in Announcement about the Phase1 and Phase2 drilling, everything is still going to plan Phase1 was more of a Stepout drilling and Phase 2 infill drilling

really cant do much about the share price, it is what it is, still plenty of drilling to do, once Phase 2 infill drilling is complteted, with Assay Results, the Geos will have a better understanding of the Mineralisation at Mt Thirsty