ENR 16.5% 74.0¢ encounter resources limited

Access, site prep and probably drilling well underway at Green....

  1. 3,013 Posts.
    lightbulb Created with Sketch. 8013
    Access, site prep and probably drilling well underway at Green. One exploration line west of Caird noted as well.
    Last 10 days of sentinel interp on Gravity base

    https://hotcopper.com.au/data/attachments/6265/6265204-d7b7808efbe39e04ff050e560fbf3aed.jpg

    Good coverage of Green becoming wider spaced to the east. Reasonable control on grid lines (say +-25m) with ends measured. Most internal sites were scaled as the nominal spacing was measured at around a near constant160m. Individual sites more schematic and grid lines are not always straight.

    Green Detail

    on gravity.
    https://hotcopper.com.au/data/attachments/6265/6265211-7591142beafcba2663e80ee98aff115e.jpg

    Holes EAL082 083 were reported to contain significant lengths of carbonatite (very low grade Nb2O5) but does suggest the Luni system could extend NE (and potentially blossom again -can hope anyway).

    Magnetics
    https://hotcopper.com.au/data/attachments/6265/6265219-58d3073fead279ef5f87c9a62e9208b4.jpg
    Not the best magnetic base, perhaps? Just to give an idea anyway.

    On Google Earth

    https://hotcopper.com.au/data/attachments/6265/6265238-3436edbad1a0c6bc26ba0ff6b0874ca2.jpg

    Does Luni extend NE towards Green? Certainly appears so with this drilling likely to show to what extent. Depth to potential zones will be a major finding.
    The eastern most holes at Luni 105-108 all have +30m intersections of +0.3% Nb2O5 and up to 15m at 3.3% in 107 from 40m. This supports the southern dashed light blue trend.
    Outcrop (Geol Survey mapped) shows gneiss to the north of Green.
    [Note that the Falcon Survey did over fly Luni with the SE boundary shown above being a rough indication of how much might have been covered. This gives ENR an edge to follow gravity trends NE and NW from Luni.]

    Time Lapse shows activity over the last 10 to 15 days.
    https://hotcopper.com.au/data/attachments/6265/6265270-c952efc533a65b1f90baaf15714b4468.jpg

    ================
    Caird.
    One line with wide spaced possible drill sites on the western margin of the gravity high tested in 2023. Mafic host shown to be cause for gravity anomaly. Why this line? Testing margin for a surprise????
    ============
    Joyce
    Checking to see if any activity - None seen but this google earth image shows mapped and interpreted quartzite outcrops marginal to the zone of interest.
    https://hotcopper.com.au/data/attachments/6265/6265275-7c84cc70a28d9f235a847c11b09523e4.jpg
    The Lake Mackay quartzite is not well dated but may be earlier than the carbonatite and main structures/faults. If accurate these outcrops place some constraint on where carbonatite might be found.
    ===============
    Mawson drilling ongoing

    https://hotcopper.com.au/data/attachments/6265/6265281-1e27ac805e2fb057ff220fb1a941be90.jpg

    Drill site most likely the black dot in the SE. Camp white spot to left side. Maybe a water bore or logistics hub at the bend off the main track.


 
watchlist Created with Sketch. Add ENR (ASX) to my watchlist
(20min delay)
Last
74.0¢
Change
0.105(16.5%)
Mkt cap ! $333.6M
Open High Low Value Volume
65.0¢ 75.5¢ 64.5¢ $4.288M 6.062M

Buyers (Bids)

No. Vol. Price($)
2 28943 74.0¢
 

Sellers (Offers)

Price($) Vol. No.
74.5¢ 25401 2
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
ENR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.