Gold is going up so I looked again at the Norton project. Metalbank(MBK) on the asx have put out an investor presentation in Novemeber. Their no.1 project is called Triumph but is actually the Norton goldfield, their tenement actually surrounds the Norton project. They have done the airborne magnetics and they are calling Norton a magnetic low (possible magnetic destruction zone) and think that it sits atop a deeper porphyry and are looking to drill deeper to find out. On their map Mantle's tenement sits on wide side of the magnetic low and abuts the Norton fault line. Their main drill targets are on the other side of the fault line and they are chasing the high grade zone that was the " engine room" for mineralisation of the area.
The high grade drill intercepts that they argue signify the high grade zone around the magnetic low are actually the ones that Mantle mining inadvertantly included in their announcement ( they are right on Mantle's tenement boundary. So, in a nutshell, Metalbank think they are homing in on a major porphyry target and are going to drill to find out. Yet Mantle's Norton tenement would possibly be half the deposit. Interesting times we live in.
- Forums
- ASX - By Stock
- AUL
- Ann: 90 g/t Gold Concentrate Produced & Bulk Sample Taken
Ann: 90 g/t Gold Concentrate Produced & Bulk Sample Taken, page-6
-
- There are more pages in this discussion • 55 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AUL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online