Thanks John and yes I agree that we have a high chance of...

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GlassEarth

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18/05/24

13:17

Post #: 73892818
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Originally posted by John8769: ↑

My understanding is the epithermal near surface lode gold part of the mineralisation present at Spur is better compared to Cowal and Boda than Cadia. Peter was instrumental in discovering Boda by the way. Ridgeway itself was blind at surface. The skarn now confirmed at Spur is more typical of near surface mineralisation at other cadia deposits. The lithocap now confirmed at Spur is also immediately above the cadia deposits like an umbrella. The high risk of lack of mineralisation preservation due to the passing of 400m+ years of movement is significantly reducing at Spur. All the drilling so far and the boxes being ticked indicate we have a preserved system. Just need more drilling to define the system, which could be another monster kms in strike.

I found this on my research travels recently. Some great slides to sink your teeth into in this pack. Enjoy!

https://smedg.org.au/wp-content/uploads/2022/05/MinesWines2022_CadiaPreservation_Harrisetal-Final-IR-v2.pdf

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Thanks John and yes I agree that we have a high chance of preservation due to lithocap, red rock and skarn. I am expecting more skarn intercepts. The economics here are great with gold at surface and 45 mins from Orange, a town with every conceivable mining service available thanks to Cadia. This is not the West Arunta BTW the lithocap is grading 2g/t Au in SD010 and how good is that 22 gramer near the bottom of SPD003, there is some juice down there and maybe they will extend that hole.

In my research travels:

https://smedg.org.au/wp-content/uploads/2020/07/mines-and-wines-2015-files/papers/Bulletin%20M&W%202015%20v1_5.pdf

A paper by PD where he states the exploration strategy we are using now. Have a great weekend.

WTM Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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