WTM waratah minerals limited

3.51%

27.5¢

Yep. My first thoughts too, that juicy new resolution mag low...

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Seth Davis

9,119 Posts.

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20/01/25

21:44

Post #: 77485981
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Originally posted by John8769: ↑

Not the exact 100+ gram x metre hit I was anticipating but good all the same. I’ll take 250m of bulk tonnage in hole 36 from surface. Hole 48 drilled back the other way will be interesting for continuity. It’s open to the SE with no historical holes. Down dip there will be interesting too. They are yet to close off the epithermal system that’s still open S, E and SE. Note the albite hits continue in the spur holes to the south. I’m frustrated they have not been able to fully map and hit those three high grade shoots down dip/plunge yet.

The irony of the first diamond holes targeting porphyry potential being based off a 50 year old core hole / shallow percussion holes and not the current RC program is not lost on me. C3 was drilled in 1970/71. If you search C3 and Cargo on DIGS you will find some reports and analysis. It was drilled as a wildcat while sinking two other core holes into the ironclad deposit. They chased the moly in C3 by also assaying for moly in the 90 nearby percussion holes. They averaged over 30ppm Mo with a cluster of four returning over 300ppm. It was thought at the time given the location of these higher Mo hits across known major faults that the Mo was structurally controlled by hydrothermal fluids associated with these faults. I doubt that is the current view. I suspect the Mo in C3 and the percussion cluster were used to draw up that high grade central Mo halo as an interpreted central close proximity outflow zone of a potential porphyry.

The new high resolution ground mag has more accurately mapped the boundary of the early main intrusive body in a semicircle and defined a prospective mag low zone off the shoulder to the west in the middle of this circle in what could be a vertical fold zone that has possibly squeezed up a pencil porphyry. The high grade Mo halo and red bulls eye is vectoring right into this shoulder zone. Those Mo hits were possibly overlooked or ignored previously by WTM as they were interpreted to be within the main intrusive complex rather than off the shoulder. This new set up at Breccia West is significant as it’s a mirror image of the position of the Ridgeway deposit in a relative mag low surrounded on three sides with the early intrusive.

That Mo halo is also supported by the Mo in two of Newcrest’s 5 deep diamond holes into the main intrusive body. NCG002 and NCG003 are proximal and the only holes from the 5 drilled with notable Mo - from about 500m in NCG003 and in the top of NCG002. You can find the assays and logging on DIGS by searching the drill hole names.

This looks to be panning out well according to the Scott Halley playbook. Very keen to see Mo in holes 43-45. If the Mo increases to a higher grade halo into the southern part of that pooly drilled Breccia West zone then look out!

IMHO, DYOR, GLTAH!

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Yep. My first thoughts too, that juicy new resolution mag low with drilling on the edge and into the main intrusive pointing the way to a nearby porphyry - get at it with the DD Peter!

"The new high resolution ground mag has more accurately mapped the boundary of the early main intrusive body in a semicircle and defined a prospective mag low zone off the shoulder to the west in the middle of this circle in what could be a vertical fold zone that has possibly squeezed up a pencil porphyry."

WTM Price at posting: 15.0¢ Sentiment: Hold Disclosure: Held
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Yep. My first thoughts too, that juicy new resolution mag low...

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Yep. My first thoughts too, that juicy new resolution mag low...

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