Ann: Drilling Confirms Potential significant shallow Au System, page-57

Bajo,

Grades are great, shallow and open.

I note mineralisation is conglomerate.

It is not a sulphide deposit, or oxide deposit.

But a tertiary secondary system. Conglomerates are the bottom of old river beds.

Well rounded gravels cemented together. The composition can be like reinforced concrete.

If the conglomerates have quartz cemented matrix, up around 7 mohs hardness versus clay based.

7 hardness is steel for example.

The problem is conglomerates can be patchy and tend to be nuggety as there old water courses.

Secondary, not primary deposits.

These old water course can be many kms. In vic, much of Vic's gold came from deep leads. Conglomerates.

The Albury lead for example I believe deposited the gold into Beechworth, Stanley, Yackandandah, Creswick.

Another exists running into stawell, that bsvarre was on. Tandara.

Great reading at deep leads from Vic mines dept.

But overall they have an old buried river system, with conglomerates you're bottom wash layer.

Some of these old river systems, were kms wide and some had wash layers greater than 100m thick.

The one I worked, ran 100oz per tonne down the gutter and 1oz per tonne the remainder.

But it was liked reinforced concrete.

More drilling is needed, but if a decent length, decent width, wash layer thick. Potential is 1m Oz easily.

Also these old river beds can run multiple layers in parallel due to river course changes over thousands of years.

But as mentioned conglomerates can be patchy due to the nuggetty nature as it is river gold at the end of the day.