SHN (ASX) Ann: Brisbane Resources Industry Presentation

Originally posted by GeoFiji: ↑

Sunshine Gold's Wilburs Hill prospect is within the Mt Leyshon corridor as shown on plans by Ballymore Resources. I have drawn the Mt Leyshon corridor and the Titov Cu-Au-Ag-Mo corridor shown by Sunshine Gold on the plan below. I have drawn the Sunshine Gold tenements boundaries in red with yellow infill in, the Ballymore tenements are in orange.

Sunshine Gold is conducting IP and MT geophysical surveys and I hope they identify a few targets associated with ring dykes at Wilburs Hill. Their announcement: "Wilburs Hill is a new prospect, generated from a detailed geochemical review and field mapping. The prospect is analogous to the nearby 1Moz Au Mt Wright Mine and the 3.5Moz Au Mt Leyshon Mine. The grant will provide funding toward a high-resolution IP and MT geophysical survey to delineate sulphide rich orebodies.”If you look at the Mt Leyshon, Mt Wright, Seventy Mile Mount and Wilburs Hill is it hard to see the difference (photos below except Mt Leyshon). Wilburs Hill is the only one that has yet to be explored or mined. Mt Leyshon produced 3.8 million ounces, Mt Wright 1 million ounces and Matthews Pinnacle and Seventy Mile Mount are very good prospects with some high grade deep drill results. I have included a comparison of Seventy Mile Mount and Mt Wright from Ballymore announcements, the drill results are at Seventy Mile Mount and I expect to see similar breccia and mineralisation style at Wilburs Hill.

Wilburs Hill looks like the real deal. I remember visiting Mt Leyshon in 1987 and hearing the story of patchy results not holding together until they realised they had bulldozed the track around the mountain following the ring dyke because that was the easiest path. The ring dyke was associated with the best grades and once they took a step back and drilled into the ring dyke results turned and led into a very good mine. Mt Leyshon is now a deep pit but the mountain looked similar to the others in the pictures when I was there in 1987.

There is a magnetic low at Wilburs Hill, similar to Mt Leyshon and Mt Wright. I think there is a large circular/elliptical structure present (~2x4km) and Wilburs Hill sits on the northern edge of it. This area seems to correspond to the magnetic low and may represent the intrusion with Wilburs Hill only one breccia pipe target along its margin. There is a soil gold anomaly on the southern side of this structure and may represent a separate breccia target.

I think the Triumph drilling will lead to a 250,000 ounces resource after the next drill programme and has potential to end up around 500,000 ounces without any new zones being located.

Wilburs Hill will be a great story to watch unfold. DYOR. Not investment advice.

The drilling above is Seventy Mile Mount.

I expect to see Wilburs Hill show a similar geology and mineralised zones to the above. It appears to be another of a line of similar deposits.

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Thanks for that superb post, GeoFiji. I really like your work.

Due to your sharing the old Ballymore Resources plans with SHN's acreage superimposed on it, the penny has just dropped with me how well located Wilburs Hill is - at the convergence of the Mt Leyshon and Titov corridors. The Titov Corridor (and Titov itself) had already got me excited about that part of the world before I saw that convergence so now I'll add Wilburs Hill in, too.

I share your "great story to watch unfold" thoughts when I consider:
those comparative pics of Wilburs Hill, Mount Wright and Seventy Mile Mount plus your comments about how Mt Leyshon looked in the old days;
the similar magnetic low at Wilburs Hill compared to Mt Leyshon and Mount Wright;
the gold in soil anomaly at Wilburs Hill;
how highly prospective that whole region is; and
the excellent skills of SHN's exploration team and the capable and supportive Board.

I hope you make some serious dough on SHN. I've got quite a few, which I'm holding tightly.