I think it's likely to be mineralised. If the Nobby's Reef interpretation is correct then it's unlikely that the gold bearing portion stopped at the historic mine boundary. Also the pyrite/arsenopyrite and sericite alterations are known to have association with gold in the LFB from what I've seen. That wouldn't mean anything's economic but the language seems cautiously optimistic. (Clutching at straws??)
Ann: Diamond Drill Program Update, Turon Gold Project, page-6
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