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0.4¢ tasman resources ltd

Ann: Lake Torrens IOCG Project - Drilling Update, page-3

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moosey

20,229 Posts.

1783

05/03/21

10:49

Post #: 51542969
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Originally posted by MetalOctopus ↑

Trading halt lifted... When can I buy?

Reminder that what they have drilled:

Is identical to Carrapateena mineralisation:

https://www.ozminerals.com/uploads/media/131128-ASX-Carrapateena-and-OZ-Minerals-Exploration-Presentation-3fa30ad7-7f4b-4301-80bd-4167ae8cafe4-0.pdf

This is the real deal.

These little holes here:

are where the copper sulphides have been leached downwards. That's a good thing; it means there is an enriched layer beneath this with bonanza grade - what you need to start a mine and pay off a plant quickly!

Calling it now - there's going to be good gold grades in this intersection, and the next hole beneath this one will hit a thick, very high grade supergene bornite, possibly chalcocite blanket.

DYOR

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I liked this bit.

Vulcan has emerged as a major iron-oxide, copper gold type system (IOCG), with many geological similarities to Olympic Dam, about 30km south. Vulcan occurs within basement rocks beneath approximately 900m of younger, flat-lying sedimentary cover rocks. Vulcan has been dated at 1,586 +/- 8 million years old, the same at Olympic Dam (Proterozoic age)

TAS Price at posting: 9.4¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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