Anyone selling out needs to re-read what they've just read and show a little patience and perspective!
Highlights standing out to me.
"Latest hole hits early diorite with potassic alteration (part of target porphyry suite) for the first time at Chuscal"
"1. CHDDH008 was designed to test the Corporacion vein corridor but was extended 100m beyond planned depth as it demonstrated indications, within the monzonite country rock, of being proximal to a causative source. The hole ended in elevated gold with 20m @ 0.35g/t Au, anomalous copper, molybdenum and tungsten and the presence of secondary biotite+magnetite and A-type veinlets – all positive signs of proximity to a causative intrusive"
"2. CHDDH0091 was originally designed to test the Corporacion vein corridor 200m west of CHDDH008 but was intentionally extended in response to the evolving vectoring program suggesting a potential target at depth. The possibility of a porphyry target was further supported when the hole intersected ~19m of early diorite from 333m, believed to be part of the target porphyry suite, with potassic alteration and A-type veining. This is the first occasion that a likely member of the target porphyry suite has been intercepted at Chuscal. The early diorite was followed by 38m of magmatic breccia which comprised a dioritic matrix containing clasts or fragments of early altered diorite transported from its source.
Both the matrix and early diorite clasts exhibit classic porphyry style alteration and veining (Figure 1 and Photo 1), including moderate potassic alteration overprinted by chlorite-sericite alteration.
3. CHDDH0091 was extended further given these encouraging signatures and, at 530 meters down hole, encountered encouraging alteration features with increasing sulfide content and increasing occurrence of veining styles and textures attributable to a near-by causative intrusive such as a porphyry (Photo 2). At the time of finalising this ASX release, CHDDH009 was at 575m depth with continuation of the above characteristics.
4. CHDDH0033 , drilled near to CHDDH009 in the previous drilling program, ended in 10.1m @ 1g/t Au with elevated copper and other pathfinders in strongly altered sericitic diorite adding further encouragement for a porphyry occurrence in this immediate area.
5. CHDDH005, although shallow, reported anomalous molybdenum at bottom of hole, considered to be attributable to a nearby porphyry.
This is all indicating to a deeper source but perhaps not as deep as the drill depths indicate ???
"It is also important to note that depth of downhole intercepts are from drill pads sited on ridge tops up to 600m above valley floors and therefore depths of intercepts are not necessarily a reliable indication of potential economics of accessing the zones of interest”.
"Photo 1b. Magmatic breccia located underneath the early diorite in CHDDH009. Note the high content of sulfide in the breccia and the presence of ISS structures"
"biotite veinlets (Early Biotite) and quartz A-type veinlets with inclusions of chalcopyrite and molybdenite."
Those that don't understand the significance of this announcement may be selling but those that do will definitely be buying.
Good luck!
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Anyone selling out needs to re-read what they've just read and...
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