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

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Lithium_King

647 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.

Expand

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

ENR Price at posting: 38.8¢ Sentiment: None Disclosure: Not Held
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Ann: Becoming a substantial holder from CHN, page-36

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