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Ann: June 2024 Quarterly Activities & Cash Flow Report, page-28

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Onceover

2,523 Posts.

1391

09/08/24

15:42

Post #: 75144493
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Originally posted by Onceover: ↑

This is the Geology of Wallaby, seeing as you asked:

This is what it looked like on the aero-magnetic image prior to drilling / discovery:
And this Lodestar's similar-sized, undrilled aero-magnetic anomaly at Ned's Creek:

I think these guys could be onto something here.

It looks like there's a lot of gold all over the place, and all you need is to find the focus. This big magnetic anomaly could be it, and it appears to have never been effectively tested by deep drilling.

There seems to have been a similar delayed discovery history at Wallaby itself. The Porter-geo Website states:

"The Wallaby deposit is located on the edge of the ephemeral Lake Carey salt flat and is covered by 25 to 125 m of alluvial and lacustrine sediments, including running sands and saturated clays which severely hampered drilling"

"Underground mining began in December 2005 and, to 2018, 15.6 Mt @ 5.71 g/t Au for 89 t of gold has been produced".

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If they really are on their way to drill this Wallaby-style bullseye magnetic anomaly, I will be absolutely stoked!

LSR Price at posting: 0.2¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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