Hi all. @maplelegion I like your comparisons and I own both of those in your post for the very same reasons.
I have been interested in the area around the discovery and the geological suggestions that have formed over millions of years.
Not sure how many of you are aware of the age of this part of the country. There has been some decent discoveries along the margin of the Yilgarn Craton and what significance that may have for us. Add to that the Shoemaker impact zone.
Given how endowed parts of the Yilgarn are but more so the margins, then add to that the influences of the Shoemaker impact, We may be able to see the geological importance here.
For those that are not aware, the oldest rocks on the planet were dated ~3,600ma until sometime in the 80's at Jack Hills,( Narryer Terrane ), Zircon grains were dated 4,404ma. Given that the estimated age of the earth is ~4500ma it makes this the oldest part of the earth but helps to understand why there has been so much erosion and transported cover, hiding some great ore bodies. Also the amount of further tectonic movement along with faults and intrusions.
This next pic is a Google Earth screen shot of the area where STK land is and also very close to the Narryer. Almost in the centre. This makes for extreme ease to identify where we are, when you go on Land Tracker and Sentinal Hub.
The imprint and structure has had me interested since boarding the STK. register.
Thought I would include these excerpt to help others get a picture of my interest in this. Just look at the blue section which roughly where we are exploring- left of centre.
This next excerpt explains the significance of the meteor collision here.
What came as a nice surprise was the completion of the heritage survey. Even more important was that I expected to see the formality of a POW that would have to be approve as the next step which usually holds these schedules up until regulatory approvals are in place.
All is clear for drilling right now.
Before this process was complete, the next target was continuation at Marwari. I am led to believe that the rig may move to Great western to drill some holes and find out what we may have before further drill targets are prioritised. We are spoilt for choice and have the fire power to drill till our hearts content.
That leads me to this next pic.
Without this, and, or any further successful holes, one may say that we are fully valued. AND that there is absolutely no guarantee that we will find the goods. A bit more reading here makes this an excellent target and of high chance for success. WHY? Take a look at the blue rectangle and the pathfinder elements. Copper and Moly are high but also the inclusion of the other elements. There is also magnesium in this group which is often found above Porphyry deposit and may be compared to some decent proven ore bodies given such similar expressions.
The size of that anomaly is also, Bloody huge. We are very fortunate to have the surface expressions of Gossans.
If this is drilled next week, given we already have the green light, an exploration update could follow soon after, which may include XPRF and or pulp sample pics. I will be watching for the copper and gold values here. Apparently the RC rig that may be drilling here is very powerful and capable of 350m depth.
This is the indications of why I believe this but now it comes down to how they will prioritise from here. The surface expression as per the Geochem that they have conducted is even larger than the Geophysics.
We have only scratched the surface imho and hence why I added on this retrace.
When you get on to Land Tracker you will notice that the tenements directly over the impact zone and some surroundings are held by private companies. This could be suggestive for JV's but I really think there is too much value and too many choices with what we already have. We already have our potential Zinc deposit in the Earaheady and our gold and copper looks like the best choice here, also imho.
In retrospect, the decision to sell part of the cow is proving to be an extremely great choice. Why? We now have plenty of bucks to fund exploration without dilution and without the raise costs. I for one, get tired of seeing small caps at the mercy of the market by diluting at low share prices which is what was avoided here thanks to their great choices.
They have also kept the best part of this cow. ( cows ).
Just wanted to share my rose coloured glasses and explain why I am wearing them in this case. Kind regards, Wack.
STK Price at posting:
9.7¢ Sentiment: Hold Disclosure: Held
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