PSL 8.33% 1.1¢ paterson resources ltd

Ann: Exploration Update, page-388

  1. 3,000 Posts.
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    Looks like NCM are dusting off some of their projects and re-visiting at least one (Backdoor(10+Kms NE of Grace)) with drill rigs.

    https://hotcopper.com.au/data/attachments/3547/3547071-eb850f7a192d5d17f28549542cc7b616.jpg

    May not have posted on it but there are some similarities with the magnetics and relatively detailed drilling.

    https://hotcopper.com.au/data/attachments/3547/3547079-87bcf7af0b2b0c4e030714405277e784.jpg


    That NCM consider it worth another pass is encouraging for others in the area IMO.

    Decade old MRE's (non Jorc compliant?) exist for:

    Backdoor (2000) 0.3Mt @ 2.83 g/t Au
    Dolphy (2000) 0.75Mt @ 4.19 g/t Au
    Big Tree (2009) 6.39Mt @ 1.16 g/t Au.

    Probably many more for ground they hold or used to hold (e.g. Bemm's Grace).

 
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