CR1 17.9% 16.5¢ constellation resources limited

Ann: Aircore Drilling Identifies Anomalous Nickel-Copper-Cobalt, page-65

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  1. 1,585 Posts.
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    The end story is we have further targets for exploration and are still on track, We eliminated targets 3&5 and are now more focused.
    We have advanced to next standard FR exploration step as per GAL and LEG have done before us.
    People forget we are in exploration stage.
    Those nervous nellies dumping don't have any clue of exploration and the process involved, they want a nova discovery in every Ann.
    Good riddance and to stronger hands the shares go.

    If the Ann read, we have found nothing of interest in Targets 1-5, we are proceeding to programme for 6 - 10, 25% dump might be warrantied.
    This is a gift to long term holders and will tighten the register further.
    All IMO

    Key take away points:

    Assay results returned from the drilling have highlighted five discrete Ni-Cu-Co geochemical footprints
    within geophysical Targets 1, 2 and 4 across a cumulative area of over 1.4km2

    The Company is encouraged by the receipt of strong to moderate Ni-Cu-Co anomalism encountered in
    its first reconnaissance drill program over the Orpheus Project which was a key aim of the program. The
    return of a number of Ni-Cu-Co anomalous drill holes with encouraging bottom of hole (“BOH”) petrology
    indicates the targeted mafic/ultramafic intrusions have the potential to host Ni-Cu-Co sulphides and
    warrant further exploration.


    The drill holes reporting Ni-Cu-Co anomalous intersections have also encountered promising bottom of
    hole (“BOH”) geological units which include olivine **bros and pyroxenites. These rock types are
    supportive of an intrusive suite of mafic/ultramafic rocks in the area


    has designed a Low Frequency (~0.125Hz) MLTEM survey over all of the target geochemical footprints (Targets 1, 2 and 4) previously
    identified. The aim of the MLTEM survey is to search for basement conductors that may be linked to the
    geochemical footprints (dispersions).
 
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