"We have theorised for some time that this trend sits on the same stratigraphic horizon as Regis’ Ben Hur deposit to the north. A few factors have now lined up which makes this a compelling drilling target. Firstly, the trend sits on a significant shear zone, identified in both aeromagnetics and in surface outcrop. Secondly, the trend sits within a favourable geological setting, on the contact of an ultramafic unit and associated with a porphyry intrusion, which is common to several sites in the Duketon Belt that host significant gold deposits”.
This has been a long time coming and it seems finally they have been able to put together the model to have some potentially fantastic targets with a very high probability of hitting some serious and consistent high grade gold like Ben Hur.
They also have the help of Goldfields geologists who have partnered in with them primarily for Nth Qld, but have indicated they will lend their experience and knowledge with their WA projects where required as they also have mining interests in WA.
No real buying yet but if you are looking for a huge Gold play now is the time to buy while no one is looking.
GSN Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
