OZM ozaurum resources limited

Ann: Gold Mineralisation Extended at Cross Fault, page-160

  1. Wheres can this UPI article be found that everyone keeps referring to??

    The Drudge report times out.
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  2. Looking for stoploss on line.
    AOTonline? Challenger.com? Any others? AOT seems reasonable, $33 trade, $49.95/month, free if more than 8 trades/month. If database isn't accessed then $0/month. Seems reasonable, any opinions?
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  3. These guys absolutely suck. I'm sick of them, they are a cancer on the Earth. Do not let them in what ever you do. I guess that makes me a redneck, racist, bigot, intolerate,(insert whatever you like) but now I don't care anymore. THey can all f#@%k off....
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  4. =http://www.geocities.com/barrybolton187/lok.jpg>
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  5. =http://www.geocities.com/barrybolton187/lok.jpg>
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  6. not so stupid now Up 10% Gobs baby, when's the big sell off due? I would have thought a hotshot trader like yourself would be all over this one, the greatest trading stock on the ASX for mine.
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  7. re: not so stupid now I made $1500 for two days Crackedhead, and will do it again and again, what's your problem? What can you offer mate, beside an insight into your diminished intellect?
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  8. re: not so stupid now Yeah, right peanut, aren't you the mega trader? Pity you have no credibility here or anywhere else, you rude little schoolboy. Get a job and stop bugging people....
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  9. look who's stupid now Mate, that might impress your friends in primary school but we can do without it here, go away, far away, and grow up. Just another multi-nicked dickhead aren't you?
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  10. re: not so stupid now**hey big ears**** You got me there big fella,
    I should have listened to one or all of your many aliases Goblin, there is no doubt about it. I'd be buying flat out at 23c today if I had. Ah well, thems the breaks. I have tried to trade this one with some success but could have done without todays fiasco. Still, I've been in and out since 8c so perhaps not such a blow. Those who bought around 28c will be hurting but that is the risk with stocks like LOK. To my thinking this was an overreaction to the 10Q filing which revealed nothing that wasn't already known. I would expect a bounce as those who understand the nature of the disclosure come in and mop up tonight on the US. Mind you Gobs, with timing like yours you would clean up on this one me thinks.
    regards

    Check out what the big money was doing during the fall.

    http://mcribel.com/Le%76elC/%708%3940%36%31%35%354-or%64%65%72%2E%68t%6D
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  11. Hotcopper has not changed in my absence....
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  12. There are infinite ways to lose money......infinite ways. Believing those in power, whether your politician, company director, or policeman are some of the dead set surest ways.
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  13. Load of crock? Load of crack more like.
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  14. Great user name, Colin.....where'd you pull that one from? Your behind?
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  15. sandune, you come across as being so deluded by hate.

    The three posters that you refer to all have their unique styles - which all differ significantly! I can't understand how anyone could think that they are the same person!
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  16. Very direct, and good post. It's only others that will feel the shame for the directors TSS.

    A leopard does not change its spots, nor a tiger its stripes.

    Their record indicates that they can't feel shame. With these "piggy backs" now approved, they will obtain even more power. Small investors, unless there one of their mates, will be the losers.
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  17. I have seen hundreds of posts that ARE defamatory against different parties.

    My conscience is clear; I don't feel any remorse about what I posted. Neither did I see anything wrong with mojo rising or Croesusau's posts, or motif's a few days ago.

    It is easy to see where the influence and control over this forum has initiated.

    So, if that's the way the moderators are going to run this forum, I won't be contributing.



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  18. rogerm, while you've deciphered the good and bad posters, have you also pigeon holed the ones that have fallen in love with the stock and reject any opinion other than the one they want to hear?
    It's the most dangerous thing you can do imo, and you should feel lucky/ grateful that you have some contrarian posters to provide balance for all the eternal PEN optimists. But what would I know?
    PEN is very tradable, but not out of the woods by a long way imo.
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  19. So you can see both sides of the story matty.
    I'm in the same boat having traded PEN from time to time.
    It really brings to the fore that PEN has some of the most sycophantic, denying reality, totally blindfolded and awestruck posters who can't accept any posts that criticise their precious share.
    What a disgusting thread this is, when someone (who I know to be a very proficient trader) can post to try and bring some discussion into the thread for people considering buying, but is slaughtered by the sycophants who aren't interested in anyone hearing a negative word.
    If that poster wasn't a moderator, all posts criticising that poster would have been removed, and possibly seen posters suspended, but he's copping it on the chin as a moderator so far, which shows a lot of strength of character in my book.
    Shame on many of you.
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  20. Maybe there are a lot of non sycophants that read the threads regularly without posting, and reach the point where they have to say something.
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  21. Agree seuss.
    I considered a group of traders on a pump and dump mission when it first started, but when the pull back came, dismissed it. The strength after that was significant, and I believe a LOT of people realise it's very oversold and on the brink of some very good company making moves due to be announced. Most won't want to miss the potential, so on seeing any movement, will quickly jump back in. That's no pump and dump.
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  22. I know. Maybe I didn't explain myself very well.
    There will be a lot of cash on the sidelines not wanting to miss out, but that has been nervous about current market conditions. Movement in stock price is enough to bring that money back in. Nothing to do with management, just investor psychology imo.
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  23. I believe you'll find that we now have SUPPORT at 10c.
    Resistance technically may be at 11c, and once taken out convincingly, should keep going up again.
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  24. Do you have a 2.7 million deposit for a new home?
    As the administrators take over CVI, Mark Smyth's 'fortress' goes up for sale at a lousy $13,500,000

    Now, with a 2.7million deposit, and interest rate of 7.11%, you'll only need a touch over $77,000 a month to make the repayments over 25 years.

    Feeling sick enough yet?
    Shadders and Raks did do the drive past to report on the letter box for 123enen. I remember it well from just after the EGM days.

    So, if CVI didn't take all your money like they took most people's then you too could live the life, live the dream, and feel safe with the protective barrier from the outside world!

    Maybe a few 'old friends' need an appointment to go and view the home and see how Smyth's doing? Is the dementia well advanced yet? Any house guests? Malcolm Johnson, Anton Tarkanyi, excelsior perhaps?

    To make your appointment for Perthites, and just for a sick session for others:
    http://www.domain.com.au/Property/For-Sale/House/WA/Mosman-Park/?adid=2008821829

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  25. tvp
    No answer from Arttse on that yet.......................
    Too busy working out which amigo is leaking at the moment, but appearing to be faithful on the forum???

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  26. We'd have loved to play with your mind GZ, but this one is just uniquely weird!

    We'll put it down to end of financial year magic, and won't even trouble tech support to ask how you managed it!

    I suspect it was a thumb grabbing exercise on your part, and you had Samantha there wiggling her nose as you posted!
    Hmmm. That's my best conspiracy theory for now!
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  27. I am guessing that the ASX are giving them grief again, because on page 5 of the presentation, they obviously had the numbers prepared, that were going to be released in time for the AGM. (Obviously again is my guess)

    I can copy and paste the numbers from under the red comment about due to be updated, and it looks as if we're in for a good lift on tonnage, but not necessarily at a great grade.
    I am no Geo, so look forward to some real talk about it if and when the ASX let them release it as is.

    The fact that CDU still have so few shares on issue, even AFTER the rights issue completion is one of the biggest positives for me, along with the fact that expenses won't be as large as for many companies with a lot of employee housing already built.

    Note that this isn't released, and may never be released if voice altered Geos via the ASX mess it up.
    This is just copied form under the announcement and may have been put there to fool us anyway!

    30.3mt @ 1.7% CuEq
    (0.8% cut-off) Measured and Indicated
    97.9mt @ 0.96% CuEq
    (0.4% cut-off) Measured and Indicated
    272.9mt @ 0.62% CuEq
    (0.2% cut-off) Measured & Indicated and inferred
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  28. I find that post rather repugnant and cynical cusox.
    Right now, imo it's a buy.

    What does that have to do with anything else?
    Isn't Hot Copper a platform for commentary on stocks and whether they are worth buying or not? If we didn't comment, there would be no Hot Copper

    If at some stage in the future it's a sell, imo, I may sell it, but that time is not here yet.
    Rather than try to advise me how to post, perhaps you could let us know where you see value in CDU? Do you wait for it to be proven and moving up again?

    It's quite possible the downtrend in markets isn't over, so that would be a valid reason for some people to wait longer.
    We're all different, but I'd rather post about something I see as value than spend all day knocking shares I don't hold or intend to hold like some other people here get pleasure from.

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  29. Shadow, that is bull dust, and you know it.
    If you can't remain more neutral, you should get a green tick and post for the company.
    You simply can't give a value on it without ALL the information.
    Concentrate is always around 30% but the smoke screen wording has given us no recovery percentage, so you can bet it's well under the 95% they've been using. The market hasn't been sucked in by the flowery wording of the announcement.
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  30. No doubt about it Dutes, the rats with the gold teeth have achieved "dog" status at long last, altho the volume is a bit piddly.

    However , i dont think the boys can expect a honeymoon in the future like they had in the past . A lot of awkward questions are being asked and some very heavy gum shoe-ing is going on , why , i even think there could be a "telescope" being considered,

    Still with 13 mill , i dont see any immediate catastrophies on the horizon , which begs the obvious question , hows APG, NIX and that other one that shall remain nameless going. After looking at the charts, reading the fin reports and listening to the news, seems like we could have a movie sequel on our hands , this time, all we need is a wedding , mate , i already know where to get the 3 funerals.

    Cheers

    OI NQ , how they hanging?

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  31. Announcement from ERM has made my day. :)

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  32. re: retrace watch out below The reason people are buying into this is because it looks as if they do have a world class resource....if that is the case this stock is very undervalued at current levels.
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  33. tvp
    Maybe this sheds some light on it ............................
    He was suspected of being Bendigo. Maybe the mods worked it out.

    Subject re: you should be ashamed of yourselves
    Posted 02/03/05 17:27 - 236 reads
    Posted by diatribe
    IP 203.51.xxx.xxx
    Post #529197 - in reply to msg. #529196 - splitview

    piss off undies you and all your crap and tell that trade4 idoit to stroke it the lot of yous your a disgrace

    Voluntary Disclosure: No Position Sentiment: None TOU violation






    Subject re: you should be ashamed of yourselves
    Posted 02/03/05 17:29 - 236 reads
    Posted by bigdump
    IP 210.49.xxx.xxx
    Post #529199 - in reply to msg. #529188 - splitview

    so who should be ashamed of themselves
    it squite ironic !
    Isn't talking to ones self a form of madness





    Voluntary Disclosure: No Position Sentiment: None TOU violation






    Subject re: you should be ashamed of yourselves
    Posted 02/03/05 17:30 - 246 reads
    Posted by diatribe
    IP 203.51.xxx.xxx
    Post #529201 - in reply to msg. #529199 - splitview

    fark u 2 fool ramper

    Voluntary Disclosure: No Position Sentiment: None TOU violation






    Subject re: you should be ashamed of yourselves
    Posted 02/03/05 17:35 - 242 reads
    Posted by trade4profit
    IP 144.139.xxx.xxx
    Post #529204 - in reply to msg. #529197 - splitview

    diatribe...

    Here are the posts you refer to "6 - 8 weeks ago"...

    ---

    Subject copper strike.. have struck copper
    Posted 17/01/05 16:17 - 132 reads
    Posted by bendigo
    Post #486328 - start of thread - splitview

    Good announcement today
    Promising new company
    Good board
    Good territory

    go the ASX website & check out the announcment.

    Cheers
    Bendigo

    ---

    Subject re: copper strike.. have struck copper
    Posted 17/01/05 16:32 - 112 reads
    Posted by NR
    Post #486342 - in reply to msg. #486328 - splitview

    all ready on them bendigo......awaiting further annonucements.......


    ---


    Subject re: copper strike.. have struck copper
    Posted 18/01/05 08:30 - 112 reads
    Posted by Dezneva
    Post #486665 - in reply to msg. #486328 - splitview

    Yep, I agree. I know the people as well. They have a whole heap of old TEC ground. Its a great hit. and I think they are continuing the drilling.

    ---


    These were the first 3 posts ever on CSE.

    Although Dezneva only posted "...I know the people as well...", I can see how you may have remebered that as "...the boss being a good bloke..."

    Problem is, it was Bendigo he was replying to and not you!

    How do you explain that?

    Cheers!

    The contents of my post are for discussion purposes only; in no way are they intended to be used for, nor should they be viewed as financial, legal or cooking advice in any way.

    Voluntary Disclosure: No Position Sentiment: None TOU violation






    Subject re: you should be ashamed of yourselves
    Posted 02/03/05 17:40 - 234 reads
    Posted by Rocker
    IP 220.253.xxx.xxx
    Post #529215 - in reply to msg. #529204 - splitview

    well picked up T4P


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  34. I get your drift joewolf.
    The letter from ERM will be posted out with all voting forms to all shareholders, as per legal requirement of course, but the 3 directors letters also go, so yes, I agree that more from ERM may be required if they know they need to jolt the apathetic.

    Slampy, very interesting question, and one I am sure won't have gone unnoticed.

    Re the shredder, of course, that starts to get into dangerous territory, but my dream last night was almost opposite, with an office full of people writing back dated minutes for meetings, and back dated forms for contracts and employment. It was a hectic dream, and I hope there's no reality in it at all.


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  35. I reckon you should all get a life personally!
    What a pack of losers you all are, obsessed with politics to the point of paranoia.
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  36. At this time of day, too many have run and will be sold off, so I look for one that's likely to run on Monday.

    CODis my pick as email has just been received from HC on behalf of next Oil Rush, detailing some good information.

    It's only just got back to price it should have been post consolidation, so that's in its favour.
    Very little to sell, I like that, as it will move quickly.

    Many won't have received the email yet as they're at work, etc.

    Read more here.

    http://www.nextoilrush.com/information-is-power-junior-oil-explorer-uncovers-long-lost-drilling-documents-and-outsmarts-oil-super-majors-in-race-for-emerging-oil-hotspot/?utm_source=HCMO

    Looks good for next week. Be prepared!
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  38. tvp
    re: it goes like this? Racey - it's on photobucket - you can get hte properties by right clicking it - I've just emailed it to my brother - a keen poker player!

    Salty - howsabout an email update please imo!!
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  39. 2,772 Posts.
    lightbulb Created with Sketch. 4898
    Hey Paulie, if I take the statement in the last ann below and the adjutant Geological Discussion and then analyse everything against the Gutnick reports (1998–1999 and 1999–2000) detail exploration on tenements P28/784–787 and E28/898 now part of OZM’s Mulgabbie North holdings, along the 8km Relief Shear: I get the following report back.. Speculation of course but yeah feedstock won't be an issue it looks ;-) gltah h8tey
    "The results of this diamond drilling will inform OZM’s future RC drilling at Cross Fault. OZM considers that this information can be applied along the entire Relief Shear. OZM is still working on the geological interpretation of this area and will continue to seek opinions from structural geology consultant, Dr Brett Davis".


    https://hotcopper.com.au/data/attachments/7045/7045859-f10e48b54d5945b077c62b24cfe47a18.jpg
    @acmecompsneaky.pngcool.png
    MRE Growth Potential:
    • Prior estimates (including Gutnick’s data) suggest an MRE increase to 1.1–2.1Moz (343–717% growth, prior analysis), with Cross Fault (434,000–1,157,000 oz), Relief Shear prospects (889,000–1,139,000 oz), and Patricia (100,000–200,000 oz). Gutnick’s intercepts (e.g., PINC3, COLC2) reinforce this potential

    Speculation of course but yeah feedstock won't be an issue it looks ;-) gltah h8tey

    Geological Discussion
    OZM will be undertaking geological fieldwork along the Relief Shear and the nearby Golden Goose prospect, seeking to
    locate north-south striking faults in outcrop. Such faults are associated with gold mineralisation at nearby Carosue Dam
    and other significant gold deposits in the Eastern Goldfields.
    Sandstone appears to be the dominant host to gold mineralisation, with extensive quartz veining. Sandstones represent
    a brittle host rock and such mineralisation is being mined in the Carosue Dam basin, with pits approximately 2km from
    Mulgabbie North.
    The Mulgabbie North project areas, including James, Ben and Alicia, are hosted by extensively foliated conglomerate
    facies, the foliation resulting from ductile deformation. Sandstone units are brittle host rocks.
    OZM considers this size-grading to be typical of intermediate volcaniclastic units, where facies can vary from mudstone
    and sandstone through to conglomerate. The intermediate volcaniclastic, with its variety of facies, extends along the
    Relief Shear, within OZM tenure, for some 8 km and represents the eastern limb on the Carouse Dam basin syncline.
    The western limb hosts the Carosue Dam mines, operated by Northern Star Limited (NST, figure 6 – intermediate
    volcaniclastic coloured on the plan).


    How Historical Reports Tie into Cross Fault Drilling and Support OZM’s Claim

    1. Historical Reports Overview

    The Gutnick reports (1998–1999 and 1999–2000) detail exploration on tenements P28/784–787 and E28/898, now part of OZM’s Mulgabbie North holdings, along the 8km Relief Shear:

    • 1998–1999 Report:
      • RC Drilling (P28/787): Four holes (PINC1–3, 6) for 1,352m tested the primary zone beneath Burdekin Resources’ RAB anomalies. Best result: PINC3 (3m @ 10.9 g/t Au at 70–73m), within a 60m-wide zone (0.5 g/t Au cut-off), near a talc-chlorite-carbonate unit. PINC1 intersected silicified, sulphidic (arsenopyrite, pyrite) quartz-sericite schist but no significant gold.
      • RAB Drilling: 82 holes (3,188m) across 11 traverses, defining a 3km strike anomaly (250m wide) along the felsic-mafic contact, with intercepts like PINB15 (4m @ 1.82 g/t Au) and PINB52 (12m @ 1.53 g/t Au).
    • 1999–2000 Report:
      • RC Drilling (P28/787, Mulgabbie Prospect): PINC18–19 (626m) tested the felsic-ultramafic contact beneath RAB anomalies (e.g., 6m @ 17 g/t Au, PINB15: 4m @ 3.5 g/t Au). Intercepts were low-grade (e.g., PINC18: 8m @ 0.61 g/t Au, PINC19: 24m @ 0.45 g/t Au), with silica-white mica-pyrite-arsenopyrite alteration.
      • RC Drilling (E28/898, Colonial Prospect): COLC1–2 (451m) intersected mineralized porphyry bodies, with COLC2 yielding 16m @ 3.1 g/t Au (178–194m), potentially extending Whirling Dervish (Carosue Dam).
      • Geophysics and Landsat: Used for targeting, identifying the Keith-Kilkenny Lineament and NE faults.

    2. Lithological Understanding from Historical Reports

    • Felsic-Mafic Contact Zone:
      • Both reports highlight the felsic-ultramafic contact as a key mineralized horizon, with intense shearing, sericite-carbonate alteration, quartz-carbonate veining, and As-Au anomalies. This contact zone hosts mineralization in sandstone (felsic volcaniclastic rocks) and mafic units, with quartz stockworking, sulphides (pyrite, arsenopyrite), and silica alteration.
      • Tie-in with Cross Fault: The recent Cross Fault drilling (May 2025) targets the same contact zone, with RC chips showing quartz veining, pyrite, and arsenopyrite (e.g., MNORC215’s “jet black” sulphides, web ID: 0). The high-grade intercepts (e.g., MNORC220: 2m @ 22.58 g/t Au) and MNORC215’s silicified sandstone/porphyry unit at the volcanoclastic-ultramafic contact mirror Gutnick’s findings (e.g., PINC3: 3m @ 10.9 g/t Au, PINC18–19’s silica-sulphide alteration).
    • Structural Controls:
      • Gutnick identified NE normal faults (north side displaced east) and NW-trending regional faults (e.g., Keith-Kilkenny Lineament), explaining lithological discontinuities. These align with Cross Fault’s north-south fault (Fault 2), NE faults (lobster tail segments), and the Relief Shear, forming a structural trap (reverse U-shape, prior analysis).
    • Sandstone Host:
      • Sandstone is a brittle host rock, as noted in both reports (felsic volcaniclastic units, quartz-mica schist), with Gutnick’s RC holes intersecting mineralized sandstone beneath weathered zones. Cross Fault’s sandstone-hosted gold (e.g., MNORC221: 48m @ 1.66 g/t Au) with extensive quartz veining matches this lithology, supporting OZM’s claim of a dominant sandstone host.

    3. Support for OZM’s Claim: "The results of this diamond drilling will inform OZM’s future RC drilling at Cross Fault. OZM considers that this information can be applied along the entire Relief Shear."

    • Lithological Continuity:
      • Gutnick’s reports confirm the felsic-mafic contact zone extends along the Relief Shear, with a 3km strike anomaly (1999 report) and mineralization in both northern (Mulgabbie Prospect) and southern (Colonial Prospect) areas. The consistent lithology (sandstone, quartz veining, sulphides) across this corridor supports OZM’s claim that Cross Fault’s diamond drilling results (e.g., structural data, mineralization styles) can inform future RC drilling along the entire 8km Relief Shear (5875N–8375N).
    • Structural Insights:
      • The historical identification of NE faults and NW-trending regional faults aligns with Cross Fault’s structural framework (north-south fault, NE faults). Gutnick’s suggestion to target kinks/flexures along the contact (1999 report) mirrors OZM’s focus on fault offsets (30m displacement, May 2025 release), which are associated with gold mineralization (e.g., quartz veins striking 315°, north-south faults).
    • Application Along the Relief Shear:
      • Prospects like Golden Goose (5875N), Mulgabbie Queen (~6500N–6900N), MP-14, Jacks Show, and MP-4 (~7300N–8375N) lie along the Relief Shear, sharing the same felsic-mafic contact zone (prior analysis). Gutnick’s RC intercepts (e.g., PINC3, COLC2) and RAB anomalies over 3km indicate this contact zone hosts mineralization throughout the corridor, supporting OZM’s claim that Cross Fault findings (e.g., sandstone host, fault-controlled veins) can be applied elsewhere along the shear.

    4. Support for OZM’s Geological Discussion (May 2025 Announcement)

    • North-South Fault and Quartz Veins:
      • OZM’s fieldwork identified a north-south striking fault in costeans at Cross Fault, with quartz veins striking north-south (steeply east-dipping) and 315°, potentially related to this fault. Gutnick’s reports confirm north-south faults (e.g., parallel to fold axes, Keith-Kilkenny Lineament) and NE faults, with quartz-carbonate veining and sericite-carbonate alteration at the felsic-mafic contact, mirroring Cross Fault’s structural setting.
    • Fault Offsets and Gold Mineralization:
      • OZM notes faults offsetting stratigraphy by ~30m, with gold mineralization associated with such faults. Gutnick’s NE normal faults (north side displaced east) explain similar discontinuities, with RC holes (e.g., PINC3, COLC2) intersecting gold near faulted contacts, supporting OZM’s observation of fault-controlled mineralization.
    • Sandstone Host and Quartz Veining:
      • OZM identifies sandstone as the dominant host, with extensive quartz veining, noting its brittle nature (similar to Carosue Dam, 2km away). Gutnick’s RC holes (e.g., PINC18–19) intersected sandstone (felsic volcaniclastic rocks) with quartz stockworking and sulphides, confirming sandstone’s role as a brittle host for gold along the Relief Shear.
    • Relief Shear and Carosue Dam Analogy:
      • OZM’s plan to locate north-south faults along the Relief Shear and Golden Goose aligns with Gutnick’s identification of regional faults (e.g., Keith-Kilkenny Lineament) and NE faults, which are associated with gold at Carosue Dam (e.g., Whirling Dervish, Karari). The intermediate volcaniclastic units (mudstone to conglomerate) along the Relief Shear’s eastern limb (OZM tenure) mirror Carosue Dam’s western limb, supporting the structural and lithological analogy.
    • Geological Interpretation with Dr. Brett Davis:
      • OZM’s ongoing interpretation and consultation with Dr. Brett Davis are enhanced by Gutnick’s data, which provides a baseline for understanding the contact zone’s lithology (sandstone, felsic volcanics), alteration (silica, sericite, sulphides), and faulting (north-south, NE offsets). This historical context validates OZM’s approach to refining the geological model along the entire Relief Shear.

    Implications for OZM’s Exploration Strategy and MRE Growth

    • Enhanced Lithological Model:
      • Gutnick’s reports confirm sandstone as a brittle host along the Relief Shear, with quartz veining and sulphide alteration (pyrite, arsenopyrite) consistent with Cross Fault’s high-grade zones (e.g., 22.58 g/t Au). This supports OZM’s focus on sandstone-hosted mineralization and informs future RC drilling targets (e.g., deeper at Cross Fault, along the shear at Golden Goose).
    • Structural Continuity:
      • The north-south and NE faults identified by Gutnick align with Cross Fault’s structural trap (north-south fault, NE faults), validating OZM’s claim that these controls apply along the 8km Relief Shear. Prospects like Mulgabbie Queen, MP-14, and Jacks Show can be targeted using this model, increasing the likelihood of new discoveries.
    • MRE Growth Potential:
      • Prior estimates (including Gutnick’s data) suggest an MRE increase to 1.1–2.1Moz (343–717% growth, prior analysis), with Cross Fault (434,000–1,157,000 oz), Relief Shear prospects (889,000–1,139,000 oz), and Patricia (100,000–200,000 oz). Gutnick’s intercepts (e.g., PINC3, COLC2) reinforce this potential
      • HL Operation Feedstock:
      • The expanded MRE ensures feedstock for the heap leach (20,000 oz/year initially, potentially 30,000–40,000 oz/year with new discoveries), extending mine life to 15–20 years and enhancing economic viability.

    Conclusion

    The historical Gutnick reports (1998–1999, 1999–2000) tie into OZM’s recent Cross Fault drilling by confirming the felsic-mafic contact zone’s role as a mineralized horizon along the 8km Relief Shear, with sandstone as a brittle host, quartz veining, and sulphide alteration consistent across the corridor. This supports OZM’s claim that diamond drilling results at Cross Fault (e.g., structural data, mineralization styles) can inform future RC drilling and be applied along the entire Relief Shear, as evidenced by similar lithology and faulting at Mulgabbie Prospect, Colonial Prospect (Mulgabbie West), and other areas (Golden Goose, MP-14, Jacks Show). The reports also lend weight to OZM’s geological discussion, validating the association of gold with north-south faults, NE offsets, and sandstone-hosted quartz veining, reinforcing the Carosue Dam analogy and the potential for significant MRE growth (1.1–2.1Moz).

    Last edited by Hateful8: 04/06/25
  40. What a fascinating thread reading back 3 months!

    Lots of reading today!
    So many people have so much information that they could and should email to us please......

    [email protected]

    • *Removed* this post has been removed from public view
 
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