I was going to post this a while ago but thought I would be accused of down ramping. You are correct. @ozrockman has posted a fairly optimistic view of what might be there and he says "not enough." Figure 5 of the original discovery announcement and Figure 3 today shows that an area of 800m x 800m and, about 30m thick, is the maximum unless the fault is actually hosting the mother lode or the mineralisation extends beyond the geophysical anomaly. COD announcement certainly says this too and points to the possible mineralised fault zone as the best chance of success. NOTE COD language here when they say a "mineralising structure" and not a mineralised structure. There may well be a fault that has been the structure which channelled mineralising fluids from deeper levels, that is not to say it is mineralised. Drilling required to find out.
I have looked at the other prospects the company has and there is a lot to like. So it might just work out for those who have got a bit too optimistic on the strength of one drill hole, with or without assay results.
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Price($) | Vol. | No. |
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RESOLUTION MINERALS LTD
Craig Lindsay, In-Country CEO
Craig Lindsay
In-Country CEO
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