The continuation of high grade mineralisation to the West at Crean towards Hoschke was expected, so nothing really new except a nice 2M section of 17% grade. The real question is how much further West this 'fissure' part of the intrusion goes.
Looks to me like the 'fissure' was a weakness from/along the Elephant Island fault that the mineralised fluid flowed, with EAL001 catching the deep unweathered section (from 350M deep), so the mineralised line might go past Hoschke in that gap between EAL001 and EAL141 ...
Right now all that this extra high grade material does is add ore to whatever WA1 builds.
To me it opens the question of whether we should be doing some drilling around the intersection of the Elephant Island fault and the Endurance fault intersection, with what we've discovered in this area being a leakage along a weakness from the main intrusion. It opens up the possibility of Macklin to the West being the major intrusion for this mineralisation, or that general area..
The fact that Luni is along the Endurance fault and now we have high grade mineralisation along the EIF means the major centre of the intrusion should be somewhere 'hereabouts'. I also wouldn't mind a line of aircore holes to the South West of Crean all the way to the Endurance fault across that magnetic low that just seems to be Falcon Gravity highs.
I also suspect the market today is reacting to the one line about priority assays from Green. As the geologists certainly know what they are looking for by now with experience on the ground, priority samples from Green is a huge boost. It would be nice to know how many, however planning to return drills to Green looks like being the biggie, just reading between the lines. I mentioned yesterday how the sheer number of holes drilled at Green were a great sign of the geologists liking what they saw on the ground..
It's very possible we may have 2 major intrusions, hence the higher SP, while neither are confirmed just yet, hence the excitement of the unknown but possible. AIMHO of course...
ENR Price at posting:
85.5¢ Sentiment: Hold Disclosure: Held
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