WTM 11.9% 33.0¢ waratah minerals limited

Ann: Further high-grade results from Spur drilling, page-279

  1. 8,303 Posts.
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    Have to agree there, John. He really didn't dive into the geology or specifically how Spur formed in relation to its neighbours in the LFB, this in my mind is more important than running rough numbers on potential resource. I believe the mineralisation we are seeing at Spur is not from one but multiple finger porphyries which are cross printing each other. Also, you pointed out albite in drilling and we're also seeing hematite 'red rock' deeper in holes SPC007 and SPRC011, using Dr Wilson's model for the LFB and Alkalic porphyry systems this is a clear sign of inner propylitic mineralisation. The exciting part for me, Dr Wilson states that if you see this mineralisation then you are within 200m of the potassic core.

    The green circle is what WTM thought they were chasing, I've added the red circle as I believe that's where they are in the system. The smoke is there for a T1 discovery and not deep at all with Spur appearing to be further down the system than first thought.


    https://hotcopper.com.au/data/attachments/6372/6372288-bc33200ac73288b7249fa84f66a26008.jpg

    https://hotcopper.com.au/data/attachments/6372/6372294-6433aab3c417ab6152aa174e09c25ae6.jpg

 
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