Ok firstly my apologies in advance as this is going to be long post.I have spent many hours thinking,pondering and researching this post.
Those of you who know me will remember that I have long been a bit of a "fault junkie"It is my belief that the majority of gold and base metal mineral deposition throughout Australia occurs on and around faults/structures and splays and shears associated with them.
I was going through my research notes and came across the map below which shows the principal structures and shear zones occuring in the vicinity of the Glenburgh tenements.To my eye the main "events" are the Deadman's Fault,the Clere Fault,the Chalba Shear Zone and the Minnie Springs Shear.
Now the next collage is from a presentation by Gascoyne Resources and their own Glenburgh deposit which is located to the southwest of ARM's Glenburgh tenements and lie immediately adjacent to (northwest of) ARM's Camel Hills project .These images IMHO clearly show that the principle structure associated with their already established 360,000 oz gold deposit is the Deadman's fault.Sound familiar?They (Gascoyne Resources) believe there is substantial more gold to be found on their ground.
Now the next collage of images is from ARM presentations on Camel Hills and I have taken the liberty of overlaying the previous Glenburgh Fault map and also Gascoyne Resources tenements to create a single image.What is evident on the Camel Hills part of the map is that the major Errabiddy Shear zone lies to the southeast of GCY's tenements and is host to significant,numerous soil and rock sample with elevated gold levels.
In conclusion it is IMHO very likely that both ARM's Glenburgh and the northern part of Camel Hills projects are host to very substantial economic gold deposits,perhaps in excess of 500,000 ounces.Over the course of next week I plan to try and call Dr Rob Taylor and discuss my thoughts with him.
ARM remains IMHO very undervalued and represents excellent value.It is my fear that the management of GCY,(many of whom are former management of Giralia Resources which has as we all know been recently taken over by AGO)are well aware of the potential of ARM's ground and what it is likely to host and with their deep pockets may see ARM as a tasty target.
