There are Seven old biffs – biff mines, most of which are potentially economic and we’ll work those up over the next 12 months.
We have 80 anomalies within the Deflector zone.
two being Spanish Galleon; and Pieces of Eight
The Deflector zone is totally different from anything else in the Murchison, because it surrounds the Guwella’s intrusion – that’s copper/gold in basalt. We’re looking for the source, so we really think to the north, there’s a big potential for a major copper discovery.
And we also think, our modelling says 70 per cent likelihood of a repeat Deflector and a very high likelihood that to the north, we’ll find a very large source of the copper. The issue is going to be how deep it is. Further to the south, we have a very large magnetite project called Brandy Hill.
MYG Price at posting:
6.9¢ Sentiment: None Disclosure: Held
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