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clock Created with Sketch. 03/02/24
09:49
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Originally posted by crustbuster:
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just a Nickel play ?? Ann: MTRC018 Assays Confirm Massive Sulphide 1.8% Ni, 4.9% Cu, MTRC018 is of particular interest with an interval of 1m at 1.84% Ni, 0.10% Co and 4.88% Cu from 293m confirming visual observations and logging of matrix to semi-massive sulphide (30-40% sulphide abundance) (Figure 9). These results clearly show all the necessary geological processes are working to produce high-grade/ high-tenor massive sulphide material and add further evidence that Mulga Tank is not just a Type 2 disseminated sulphide system and is more likely a Perseverance-style hybrid Type 1/2 system with a basal massive sulphide component. With the scale of this system the almost 5% copper grades alone should spark some interest. The last cap raise was just a bare minimum so as to not dilute unnecessarily so why would the boss turn around and raise capital now ?? He obviously has enough money to drill the deep diamond hole into the keel which is looking like the source of the massive sulphides . He has also elected to continue with the RC program prior to committing to a final location for EIS3 and perhaps tweaking the angle which hopefully helps to further de risk the most important of all of the holes drilled to date. It is quite possible that he knows what he is doing .
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Ihi CB holes mtpo71,72 and 76 will interesting and also if they drill those to 500m.
