Ann: Bottletree drill holes highlight further porphyry potential, page-13

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23/04/24

18:50

Post #: 73482794
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Originally posted by Shady Merv: ↑

I have now gone through the report. It is detailed and also comprehensive, limited to Bottletree essentially.

I recommend that others interested in what the exploration is all about should carefully read it.

Some points of real interest are:

1. BTDD11 hit reportable mineralisation at 22ms. BTDD12 hit it at 5ms. BTDD13 hit it at the surface.

2. 11 and 12 have confirmed the continuity of mineralisation from the Discovery Outcrop (gossan)

3. The 3 holes have provided valuable information to enable further modelling of the BT system in 3D. What has been found in 13 has effectively reinforced the 2023 porphyry vectoring model. This would mean that they are seeing what they hoped to see - ie so far, so good! Next step: find the porphyry core, expected to be about 700ms to the southwest of the Discovery Outcrop. They are currently preparing logistics to enable drilling of CEIs 1 and 2 asap.

4. Each of the 3 holes revealed the presence of copper, gold, silver and molybdenum.

5. The mineralisation and alteration features at both Bottletree and Cockie Creek (12 kms apart) are similar in that they both formed from relatively reduced hydrothermal fluids associated with a reduced I-type arc magma ie they are both probably classified as Reduced Porphyry Cu-Au (RPCG) systems. Knowing that these areas are different from the more oxidising porphyry systems will affect the exploration strategy.

6. However, it seems that the core target has already been determined, from a combination of different processes, each reinforcing the others . This is from page 14:

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Good stuff Merv.

let's get these holes turning!!

What is your thoughts on approach here to drilling?

Drill 1 and 2 (CEI funded) first update market and then raise to drill more holes? or secure more funds first and plan to drill more holes at BT?

SPQ Price at posting: 1.0¢ Sentiment: Hold Disclosure: Held
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