Gold Turnaround Story of 2018, page-34

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Green Bull

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23/02/18

13:23

Post #: 31290037
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Originally posted by mouse ↑

Just bought some GB.. not so much for the gold though although if they can get a bit of cash going to start drilling the Ni/Co grounds, it would really be a major re-rate.

The ultramafic sequence at Wiluna (the Perseverance ultramafics) in the northern part of the Agnew-Wiluna belt has not had the same level of exploration as the Agnew-Leinster sequence in the south. However, in 1995 at Bodkin prospect Wiluna Mines drilled Ni sulphide and PGE mineralisation of up to 2m @ 2.15%Ni + 1g/t Pt+Pd. Agincourt Resources followed up in 2005 with a scissor diamond hole which intersected 0.3m @ 6.64% Ni within a thermally eroded footwall basalt unit.

The discovery of nickel sulphides and anomalous PGE’s at various prospects within the WNP confirms the fertility of the ultramafic rocks. Ground-based and down-hole EM has successfully delineated known Ni sulphide deposits and further geophysical targets remain to be drilled along the prospective stratigraphy. The strike extent of known high-grade Ni sulphide mineralisation at Bodkin remains to be tested beyond the current two drill sections.

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Great to have some more value investors (@mouse @Oscar09) on this one.

Agree Nickel/Cobalt looks good.

Gold looks cheap too.

Big boys set.

Should be a good one.

Cheers,

GB.

BLK Price at posting: 4.6¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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