WA1 3.03% $15.98 wa1 resources ltd

Ann: June 2024 Quarterly Activities and Cash Flow Report, page-20

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    10 days between available Sentinel passes. Only 4 previously prepared sites appear to have been drilled in this period. No new sites spotted.

    https://hotcopper.com.au/data/attachments/6320/6320804-8626641775493bc70af2f3c5e9088436.jpg
    3 of the magenta circles converted to probable drill sites at east end (white circles). One other site, just east of the X, changed a lot and may be drilling. The site to the north of that one and a few others show signs of subtle activity - too weak to be certain what other than existing sites.

    I decided to check if the hole/site south of 105 had likely been drilled. Seems so and in the process found some probable errors on 200m spaced holes which are corrected above.

    ENR's drilling at Green shows an arcuate carbonatite with the interpreted boundaries shown to the tenement boundary. IMO there is a strong chance that Green is a NE extension of some part of Luni. More drilling east of holes 105-108 will give an idea of what is going on. Low priority for WA1 as they proceed with 50m infill.
    https://hotcopper.com.au/data/attachments/6320/6320837-afc77a8f59b9965c992b57a93cd46896.jpg
    Something similar happens at the west end of Luni with ENR's Emily.

    Not too surprising that this may be one carbonatite complex. Some things to ponder. Many more.
    Structurally controlled? Timing relative to faults? Why is Luni a strong gravity high and Green Emily low? Gravity correlation with grade or just different carbonatite phases?
    Green may be, probably is, connected to Luni but grade distribution does not appear to match up well with Luni. Small number of selected priority samples so this could change. At worst a possible satellite to Luni.

    Last edited by salpetie: Today, 16:15
 
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