GlassEarth, it’s literally the multi billion dollar question. All we have to go off is the results of the third DD where it was observed at EOH in the edges of the IP anomaly - “stockwork pyritic epithermalgold mineralisation associated with siliceous alteration”. I’m just not sure yet. I’m very eagerly awaiting the high res ground mag. No mention of hematite alteration in DD3. Whereas DD 1 and 2 both intersected the albite alteration but don’t seem to be associated with the IP anomaly on the other side of the fault?! Looks like those three initial DD holes were exploratory and while highly encouraging, led to the conclusion more data was required before targeting DD into an enormous system.
Worthwhile revisiting this announcement actually as there is some very good explanations of the mineralisation intersected and the significance compared to Cadia and the exploration model. I also recall at the time posting that this announcement shows there is bloody gold everywhere across multiple styles. Even the skarn returned a decent grade, albeit a narrow width.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)