Yes, Linesman, worth much more that $4.7M market cap on Quicksilver alone.
And definitely sensible in the context of today's market and the geological settings of its projects, to review all the Company's historical soils for REE anomalism.
On Yarrambee, sadly no intersections from Narndee in yesterday's report to really set the market alight, but still the Project remains of more than passing geological interest:
Historical and Companydrilling to date has confirmed copper and zinc mineralisation associated with sulphide mineralisation within a volcano-sedimentary sequence which has some similarities with the Golden Grove VMS deposit located approximately 115km to the west.
...The drilling confirmed that the copper–zinc mineralised horizon previously reported at the TBW target continues and remains prospective.
...Encouragingly, the drilling completed at the TBW target (22YERC008 & 009) intersected the copper–zinc mineralised horizon that the Company previously identified as a new promising copper, zinc, and silver target from an initial intersection of 2m @2.29% Cu and 5.5 g/t Ag from 57m in drill hole YERC003.
...The Company is interpreting this copper mineralisation as being hydrothermal and probably structurally controlled. This style of mineralisation could represent either a VMS feeder zone, remobilisation from mafic sequence, and/or intrusion related.These latest results demonstrate that this horizon is persistent over a larger area, remains open and remains prospective. Additionally, this style of copper mineralisation occurs in the presence of granodiorite intrusions, which were also intersected in drilling nearby, and this demonstrates the potential for significant mineralisation that is not easily detectable using electromagnetic(“EM”) geophysical methods.
It's all encouraging enough - and I note too Nickel-PGE and Gold geochemical anomalies in the southern area of the project within the Narndee Igneous Complex.
A further 16 Nickel-PGE geochemical anomalies for further follow-up have been identified. The majority of the anomalies occur in the southern area of the project that is within the Narndee Igneous Complex comprising of interlayered mafic and ultramafic rocks. The Company believes this highlights the nickel-PGE prospectivity of this area and will be the focus of any initial follow-up. In addition to the Nickel-PGE anomalies several gold geochemical anomalies were also identified in this area.
But there's a lot of work still to be done there, and what I would really like to see is a laser-like focus on our immediate potential company-maker, Quicksilver, over the next 6 months.
That's where the real value-ad lies, in my view.
Actually wouldn't mind Yarrambee, or parts of it, JV'd out in fact, while we roll up our sleeves seriously on our premier Project.
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