Interesting commentary from CNB on the geometry of the Chalcus lode. This (below), and HMX's recent update on the Binna Burra lode trend and historic pits, is all shaping up very nicely for a joint development. Id love to see HMX expedite some drilling at Mt Hope south to prove continuity at depth of Binna Burra, and jag Chalcus at depth.
CNB: "...The Chalcus Lode discovery remains completely open in all directions and ongoing drilling continues to target the Chalcus lode and also a New Lode discovered in the footwall to the Chalcus Lode that was announced on 8 June 2023. Downhole EM will also be completed shortly to assist with targeting. Further drilling is required to delineate the extent and orientation of the Chalcus Lode and its location in relation to the Mining Lease boundary. The current interpretation is that the Chalcus Lode appears to bend around in a similar geometry to the Boomerang Lode and may cross the Mining Lease boundary between 900m and 1,000m below surface. However, if a steep west plunge is delineated as appears to occur on the Boomerang Lode then it is likely that the steep west plunge will result in the main body of the Chalcus Lode not crossing over the Mining Lease boundary. Only additional drilling will determine this.....
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- Ann: South Hope Continues to Expand - 15m at 3.47% Cu - Revised
Ann: South Hope Continues to Expand - 15m at 3.47% Cu - Revised, page-23
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