Ann: Nickel Discovery Extends Over 3 Kilometres, page-130

First 130 Last

Share
Profile

Follow
Sensi

5,059 Posts.

189

05/12/17

21:32

Post #: 29398880
Share

Originally posted by Coriolanus ↑

I am a person with a technical background (geology/geophysics) based in Mali, West Africa. Previously worked in Australia, Asia, US. Currently on gold and lithium.

What interests me in the data presented so far is the magnetic imagery. Pretty clearly, the G88 permit was originally applied for on the basis of geophysics, perhaps with some confirmatory elevated lateritic nickel values, but laterites alone wouldn't account for the magnetic anomaly shown in the recent Ann. Magnetic anomalies require magnetic minerals, and there are a range of those which most commonly accompany structures: obviously magnetite, but as well some mildly magnetic sulphides such as pyrrhotite, not to mention accessory minerals, such as ilmenite, and (perhaps) nickel/cobalt/copper sulphides.

It's difficult to interpret the vertical scale of the broader part of these anomalous magnetic values, but they look to be reasonably wide to me, and, although buried, perhaps not all that far from the surface. The coloured portions a little further north have a suggestion of some E-W intersecting faulting, which could provide secondary targets.

On the assumption that the laterites have developed from something more-or-less directly underneath, I would reckon there is a sporting chance that sulphides underlie the nickel/cobalt laterite values. These surface values often tend to spread from a much narrower base, however, so the width of the current laterite values shouldn't be taken as indicative of what's down below.

Their geophysics contractor should perhaps later be looking at some EM or some kind of reconnaissance IP, in my opinion.

Expand

Thanks for sharing that knowledge with us. Of course it’s a very disappointing market reaction to the results. I am a believer in G88. Let’s see how the rest of the program pans out. That’s even before the gold at KIN. I didn’t see this reaction from the market coming at all. Let’s see how all pans out in few months time. GLTAH.

G88 Price at posting: 64.5¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

What's causing the cost-of-living crisis, and how to navigate it

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins