albaman, page-74

Hi SS - and I suspect more for other readers,
It is brown fields exploration meaning ground floor. That means a professional operation will take prudent steps - staged exploration spending minimal capital to start with.

The rock chips yielded 2oz per tonne however the estimate would be in the order of 5k oz known at present but does not mean far greater tonnage is not at depth. Expensive to explore from here but will be done.

The mapping in the area showed a more deeply weathered area to the east which offered a low budget opportunity to follow up on other brown fields geological techniques. That prompted the extensive RAB program, the design which had been pioneered by WMC, specifically Dean and Phung many years ago to locate many deposits.

It was expected to show slight readings of gold that are leached in this high salt environment. The readings were through the roof (for this type of environment and depth) even though the source of the gold was not hit. The scale indicates this could be a world class deposit so it is therefore prudent to consider the address and the geochemical signature.

The presence of certain metals indicate potential of a world class deposit and the address is first class on the BLF. Further exploration is clearly warranted as the rock types and structural setting are highly similar to St Ives to the north. It is a scientific process.

The financial situation at FML a year or so back meant FML had to consolidate the CRE purchase (it was distressed company - hence the low price / great opportunity) as that move had delayed acceleration of Coolgardie and The Mount.

It is beginning to clear as I have tried to explain, financial turn around now in progress after completed the slower (not accelerated) development required to secure LOM - bulk ore supply. Things are aligning now for FML to get back to a more advanced exploration program to follow up on this highly promising project.

This is one tiny part of the FML potential. Kal, Glenmore - excellent posts you prompted this message this morning.

Cheers,
CW
DYOR&DD