re: Ann: New VMS Base Metals Discovery at Pyr...
As alluded to on previous threads, the sulphides at the peak of the textbook Pyramid VMS EM anomaly (on the assumption that the drill bit hit it) have turned out to be uneconomic.
Where to from here - some downhole EM as a priority I guess and perhaps a couple more holes along strike to follow the mag anomaly to see if the deposit may turn up something more exciting than massive pyrrhotite and pyrite. I'd be tempted to do some broader airborne EM across the whole tenement as VMSs tend to occur in clusters - but I suspect that may have already been done, leading to the Pyramid discovery in the first place.
Frankly, on the basis of this campaign, I rate Pyramid of low priority compared to the other projects, but I note the prospectivity of the area to host other VMS deposits which may be economic.
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