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clock Created with Sketch. 16/11/20
13:14
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Originally posted by FireflyOne:
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ASX / MEDIA RELEASE 16 Novem ber 2020 DRILLING OF STRONG EM CONDUCTORS AT MT ALEXANDER DELIVERS FURTHER POSITIVE RESULTS 30m thick mafic -ultramafic unit from 440.5m downhole intersected by MAD192 at the West End Prospect: • The interval includes a 6m thick ultramafic with disseminated nickel-copper sulphides from 465.5m downhole (<5% sulphides with pentlandite (pn), chalcopyrite (cp) and pyrrhotite (py)) • The mineralised mafic -ultramafic unit intersected by MAD192 has not be en structurally modified – it is preserved , which supports the potential for the presence of nickel -copper sulphide deposits that are intact and unaltered • The thick mafic -ultramafic unit is comprised of the same intrusive -style rocks that are known to host high- grade massive nickel -copper sulphides in other parts of the Cathedrals Belt
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Cheers. I did read the report, but in the context of JPs "breathtaking" interview this result is a failure. Disseminated sulphides at 460m, all 6m of it, is not what JP was talking about. I'm disappointed because all I'm hearing about is technical success which covers up commercial failure. Just because the structure is preserved doesn't give me any greater degree of confidence that they are any closer to success. I thought they were after the last spectacular DHEM discoveries (lol).
