ENR 4.04% 47.5¢ encounter resources limited

Hi salpetie, I find the announcement gives me lots of food for...

  1. 152 Posts.
    lightbulb Created with Sketch. 102
    Hi salpetie,

    I find the announcement gives me lots of food for thought. Firstly it says:

    ”The regionally significant NNE trending Weddell Fault is adjacent to a number of the high priority prospects in the region including Green, Joyce and Perce and also the Luni carbonatite complexowned by WA1 Resources Ltd.

    ”It is interpreted that the Perce gravity anomaly may represent zones of hematite alterationconsidered prospective for IOCG mineralisation or an alkaline/carbonatite intrusion.”

    Keeping the above in mind, it is also thought provoking that the announcement also mentions:

    ”First assay results from the diamond drilling are expected in July 2024.”

    Would I be wrong in assuming that ENR intends to fast track the assay of EAL140 to have the first assays ready by July? Have they done any AC drilling at Perce to want to do this?

    Inky


 
watchlist Created with Sketch. Add ENR (ASX) to my watchlist
(20min delay)
Last
47.5¢
Change
-0.020(4.04%)
Mkt cap ! $214.6M
Open High Low Value Volume
49.0¢ 49.0¢ 45.5¢ $182.5K 390.0K

Buyers (Bids)

No. Vol. Price($)
1 799 47.5¢
 

Sellers (Offers)

Price($) Vol. No.
49.0¢ 3030 2
View Market Depth
Last trade - 16.10pm 23/08/2024 (20 minute delay) ?
ENR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.