The assay results from Nazare are due late March, it will be interesting to see if the ultrafine+ technology works.
“This initial aircore program at Nazare is the first application of the new CSIRO Ultrafine+ geochemical sampling technique. It has generated a high quality, coherent gold anomaly in an area where traditional geochemistry was ineffective. If this potential breakthrough geochemical technique is successful at Nazare, it would have very significant regional implications. Accordingly, Encounter has secured ~1,000km2 of tenure in the area and Ultrafine+ will be applied regionally if our current aircore drilling successfully intersects sub surface gold mineralisation.”
ENR Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held
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