AAJ 8.33% 1.3¢ aruma resources limited

Ann: Aruma to Drill Mt Deans Lithium Project, page-20

  1. 2,945 Posts.
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    That was a busy day yesterday for an announcement for drilling that's happening in 2 or 3 months time. Day traders came, they bought, they sold, and they left. I love this interpretation of a "cauldron", which is a whole new concept in pegmatite geology. Its a typical low-knowledge mineralisation model where 2 tiny bits of surface mineralisation become a massive ore body at depth. Anyone who knows how should read A65809 on WAMEX, which shows mapping and drilling done by previous holder. Figure 2 shows a section mid-way through the mapping shown on P63/1074. Banging deep holes into Mt Deans - yeah just do it why not, but a "cauldron"? It seems like the least likely outcome.

    https://hotcopper.com.au/data/attachments/3035/3035179-823193dd43ff0fd12c56ec8bdce14241.jpg
    https://hotcopper.com.au/data/attachments/3035/3035227-b6c56bc4a52fd180ad5371e052db79f9.jpg

 
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