Morning all, it was late last night when I finished this post & I posted it in the wrong thread,
as it is entirely relevant to this one I have reposted so forgive duplicate posting.
great to see the spike in the POG-overnight.
thanks -salt
Brokenwood
BWRC100004-6mts at 1.75 g p/t
BWRC100006-3mts at 9.34 g p/t
BWRC100006 -also 30mts at 1.07 g p/t
Pandora
PARC100003-9mts at 6.32 g p/t
PARC100003-also 3mts at 4.47 g p/t
PARC1000003-also 60mts at 1.18 g p/t
PARC1000005-3mts at 3.25 g p/t
G'day dencol, Yes today's exploration update release was disappointing.
It is important to not lose perspective regarding the positives of discovery at
supeljack thus far as today is but one announcement of likely many to follow
as exploration focus narrows from peripheral areas to actual discovery
development.
Obviously the Hyperion -Tethys's mineralisation trend is very promising,
& as ABU has now completed a 1,000 metre, eight hole follow-up RC program at
Tethys we await assays results.
It will be Stella if mineralisation continues at depth -the continuation of
mineralisation would will indicate significate volume ABU has stated its
intention to diamond drill.
We of course have Hyperion central 146,600 oz deposit only 100 odd mts to the
west north west of the recently discovered Tethys 1,3oomts of significant
mineralisation that continues in a east south east direction,
& Hyperion south's 55,500 oz is only some 300 mts South.
Tethys
TYRC100001- 17 mts at 5.74 g p/t
TYRC100002- 16 mts at 2.58 g p/t
TYRC100003- 26 mts at 2.56 g p/t
TYRC100004- 7 mts at 1.71 g p/t
TYRC100004- 8 mts at 1.26 g p/t
TYRC 100005- 26 mts 1.78 g p/t
TYRC100006 - 21 mts at 2.89 g p/t
TYRC100007- 16 mts at 1.30 g p/t
TYRC100008- 10 mts at 1.46 g p/t.
TYRC100013- 5mts at 4.7 g p/t.
TYRC 100015- 17 mts at 1.83 g p/t
TYRC100017- 8 mts at 3.35 g p/t
TYRC 100018 - 4 mts at 1.84 g p/t.
TYRC 100025- 2 mts at 8.21 g p/t
TYRC 100026- 6 mts at 1.84 g p/t
TYRC 100028 - 7 mts AT 13.17 g p/t
TRYC 100029 - 18 mts at 2.11 g p/t.
TYRC 100030 - 18 mts at 4.52 g p/t.
Intercept based on a 0.5g/t cut off grade with up to 3 metres of included sub-grade.
Deepest hole at Tethys generally shallower than 100mts.
Hyperion-Tethys 1,3oomts of significant mineralisation has now been identified albeit
with three apparent breaks in high grade mineralisation.
Mineralisation on the Hyperion trend remains completely open at depth,
with the deepest hole within the current resource little more than 200 metres
below surface.
1,000 metre, eight hole follow-up RC program completed at Tethys,
assays awaited.
Results encourage ABM to step up activities at Suplejack,
diamond drilling planned.
As for Bumblebee that was a kick we did not need-ATM.
Some take observations
Its been determined that the Lake Mackay Project is a belt scale exploration target with potential to host multiple styles of mineralisation.
IGO funding of Six Million of exploration on the Tenements
within 4 years.
IGO is planning to carry out further soil sampling and ground EM
surveys within EL24915.
A Northern Territory Geological Survey co-funded
aeromagnetic survey will also
be conducted over EL24915, & the adjoining licence
tenement applications.
ABU's six additional six additional exploration licence tenements
applications-In early 2015, ABM acquired a further 4900kms of exploration license applications
(Figure 1) in this area that covers over 140km of strike length of a pronounced geophysical
gravity ridge along the margin of the Aileron and Warumpi provinces.
These exploration license applications now also form part of the Lake
Mackay alliance agreement with IGO.
Interesting that on page 21 of IGO's Equity Raising Presentation
released today,in a Snap shot of IGO's asset base they list in
Projects/Exploration Opportunities.
|
Column 1 |
Column 2 |
| 1 |
Lake Mackay (Gold/Base metals) (70%) |
Unlocking new underexplored mineral provinceDrilling at Bumblebee has confirmed proof of concept |
The proof of concept is the EM program that appears to indicate that soil
geochemistry and ground electromagnetic surveying could be effective and
efficient exploration tools at the Lake Mackay Project.
Noted-A Northern Territory Geological Survey co-funded aeromagnetic
survey will also be conducted over EL24915, & the adjoining licence
tenement applications.
Given IGO's commitment of six million au to exploration & as IGO stated today
they have confidence in proof of concept using the EM program, being it could
be effective and efficient exploration tools at the Lake Mackay Project.
Its likely as soon as the aeromagnetic survey is completed, that any targets
identified IGO intends to use its EM ground electromagnetic surveying technology
& given ABU has six additional exploration tenements that covers over 140km
of strike length that now also form part of the Lake Mackay alliance agreement
with IGO & that its been determined that the Lake Mackay Project is a
belt scale exploration target with potential to host multiple styles of mineralisation, we should be mindful that although today's exploration update
regarding the Bumblebee prospect was a very disappointing its only the first target
identified in the entire district, & their therefore almost undoubtedly will be
many more.
gltah & imo
salt
(20min delay)