They've found a broad halo but not the deposit likely causing it . Needle in the haystack may be overstating but it is a hunt . This has the (potential) to be much bigger than Collerina but no certainty .
"Exploration is targeting high-grade gold deposits such as the Peak deposit located 30 km to the northwest, with an overall gold endowment of approximately 4 million ounces (owned and operated by Aurelia Resources Ltd). This deposit style has a short horizontal (strike) extent, but a large vertical dimension – which makes surface detection challenging, and reliant on defining the host structures within anomalous gold halos. Follow-up work on the past 6 months data needs to be completed to determine whether these and previous results are supportive for the discovery of this style of deposit."
Possibly AMI might like to JV this at some stage considering the proximity . Also considering the proximity even small deposits found that are mineable have value as they could be trucked .
HLX Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)