Action, page-6

From cruisie
on the Stockhouse site in North America, we crack a mention here. If its the first option, cant get from Deg to Purdys without being on VRX lease so worthy of note.
November 07, 2017 12:45 pm​

Received an email from Mark Utting, investor relations at KL regarding the 85km strike mentioned in KLs Q3 update: “The bullet in the slide was taken from an overview prepared by our head of exploration in Australia which indicated that the KL team had confirmed the presence of gold mineralization and consistency of geological setting at a number of locations across a 85 km regional strike extent, including at both end of that extent. I hope this is helpful. Regards, Mark.”
It’s possible the area in question is from Novo Purdy’s Reward to De Grey’s Loudens Patch as: 1) The distance is almost exactly 85km. 2) KL made a $5M investment in DEG and have certainly tested the ground there. 3) Roughly 45%-50% of the area between Purdys and Loudens Patch is Novo’s ground so they would have had access to check at least that half.
If correct, Novo would have about 40-45km of strike there alone. But that section is overall a tiny fraction of Novo ground, maybe 2-4%. The other half intersects ground held by BC Iron, who have a review underway, and Venturex who have reported 1.2km x 200m of conglomerate below Mt Roe basalt and the same evidence of metal detector pits that was found at Purdys. Both companies should have news updates coming soon.
Alternatively, they could have been referring to the area from Purdy’s Reward to Kairos Minerals Croydon project. In that case, Novo would have almost 100% of the strike. Whatever the outcome, KL seems pretty pumped and 85km is obviously insane if they can prove up some high grade intercepts.