Ann: Becoming a substantial holder from CHN, page-36

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Lithium_King

673 Posts.

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01/05/24

12:10

Post #: 73605963
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Originally posted by JandJ: ↑

Thanks for that critique @salpetie - your comments are more detailed in the knowledge of geology, whilst mine were only a broad overview of why ERN should not seek a JV with CHN.

Anyway on one issue, which I would like to carry further, the mention of Olympic Dam age 'intrusives' comes from the ann of 25 August 2022 which stated :

Olympic Dam age mineralising events at Aileron
 Geochronology by the Geological Survey of WA (“GSWA”) at Aileron has confirmed:
 The granitic intrusion intersected in drill hole EAL001 at Aileron is significantly younger than those previously mapped in the region and is a similar age to the Hiltaba Suite granites in the Gawler Craton in South Australia
 Hydrothermal alteration within this younger intrusion is similar in age to the mineralising events at Olympic Dam
 Confirmation that the mineralising events at Aileron coincide closely with the age of the world’s most productive IOCG region in the Gawler Craton of South Australia
 Indications of a potential new IOCG belt include:
 Confirmation of important isotopic ages;
 Copper–gold anomalism associated with hematite alteration; and
 Highly anomalous rare earth elements (“REE”) in drill core.
 Importantly, the prospective geology is under shallow cover (5m of cover in EAL001) in contrast to +500m of cover in much of the Gawler Craton
 Surface geochemical methods therefore can be applied in this region and trials completed by Encounter demonstrate this.
And your rebutal of my Note 2. is a comment against those conclusions drawn by the Company.

Now what I hope to be able to do sometime soon is to check any radio metrics data over that area (east of P2) - I just have a hunch that if there is U or Th signatures it might help me understand the situation better. Recall Olympic Dam is also a U mine (largest in the world, as it happens).

Thanks again for your comment - much appreciated.

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For those looking for an overview of the west arunta and the value it could provide ENR upon drilling success, article below highlighting WA1 ENR and LYN

Well worth a read
https://articles.equitiesclub.com/p/west-arunta-the-hottest-region-in-australia

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Ann: Becoming a substantial holder from CHN, page-36

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