IMO the announcement is indicating considerable potential here. I like the ANU findings and the following sections of the ann.
Geological logging of the drill chips has confirmed the presence and location of extensive ultramafic units. We are particularly happy with the strike length and downhole width of the logged ultramafic units intersected in the holes drilled at the Brumby Prospect.
Whilst laboratory analysis is required to confirm the tenor of any PGE mineralisation, the size dimensions of the ultramafics indicates there is potential for high-grade mineralisation at Brumby over significant strike length, and widths .”
Visual inspection and logging during drilling also confirmed relatively wide downhole intersections of the ultramafic unit with six holes returning downhole widths of greater than 90m.
GLTATH
