This is from fibanarcherys original post... re reading it and knowing we are drilling gives me a hard on.... Thanks again fib.
You may have heard of CXO's impressive recent silver rock chip results of 4 kg per tonne.
But have you ever heard of rock chips of 3.6kg per tonne gold?
That equates to over 220 KILOGRAMS per tonne SILVER.
These are from outcrops at VMC's Copper Hills project in the Paterson Orogen, on the Anketell gravity ridge, 150km from the giant Telfer Dome gold mine.
That equates to over 220 KILOGRAMS per tonne SILVER.
They also found rock chips with 3.7kg/tonne platinum... that equates to over 240 KILOGRAMS/tonne silver!
Not to mention the 48% copper, 5kg/tonne palladium and 8.2kg/tonne silver from the same prospect.
Strong conductors identified at Gaza and PM prospects, drilling to test these fault controlled discrete high
EM conductive bodies located in underexplored areas.
WA govt granted $150k co-funding for drilling, and during the quarter geophysical plate modelling to refine drill targets and heritage clearance surveys were successfully completed.
Preparation for drilling at Gazza underway, drilling to commence "as soon as possible".
Historic drilling by the previous tenement owner were shallow at 48-120m and electromagnetic data was unavailable at the time.
Newly defined targets estimated at 250m.
The copper values were found over 2 kilometres, with the precious metals over a smaller area.
Petrographic studies indicate the mineralisation is hydrothermal, with secondary enrichments, indicating potential depth extension..
VMC Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
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