Taking a worst case scenario approach(highly unlikely in my...

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LigOreo

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07/11/24

13:02

Post #: 76499062
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Originally posted by WhatsTheTip: ↑

Although NRC268 does decrease the chances that Blackbeard extends into charger's tenement (at least in the top couple of hundred metres).

Charger referencing 63m @ 1.67% as being along-strike from existing drilling is technically correct but the intercept was between the previously reported Blackbeard intercepts. The new along-strike intercept closer to Charger's tenement was a weaker result of 14m @ 0.90%.

One of the curious elements and where it continues to get interesting re CHR is Core considering that Blackbeard and Centurion may be the same system despite NRC271 being an NSI result. Are Core thinking that there's potentially a large and high-grade pegmatite at depth that has offshoots from it rising to the surface. The three pegmatites drawn in yesterday's CXO release may all source from the same deep pegmatite system. If this is the case and there is a deep system with near vertical offshoots, it could well extend north and also include Enterprise.

The sort of structure I'm wondering whether it may exist is a bit like Mt Mann over at the SW end of LTR's KV project - multiple nearby near vertical Peg's that get wider with depth.

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Taking a worst case scenario approach(highly unlikely in my opinion) however even if the pegmatites disappeared into Charger's boarder, should Core progressed Blackbeard with an open pit mine they would require part of CHR’s land to do so?

I don’t think they are done with Charger just yet. Watch this space

CHR Price at posting: 6.8¢ Sentiment: None Disclosure: Held
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