Fairly good announcement, they have got onto some high grade at depth and the good news is that they were seeing evidence of possible oxidized mineralization in the hanging wall that could possibly be repeat and/or parallel mineralized structures. Looks quite a vertical style of orebody and that is important to recognize that us holders should keep our enthusiasm in check. The long section clearly shows old historical workings stopped dead as soon as they reached fresh sulfides and probably hit the water table so any oxide or supergene zones might be depleted by historical mining but the sulfide ore should all be intact.
Moving loop EM and downhole EM should give them a better chance of success. Wait for assays could be a while as they are going to half core almost all the completed drill hole, and we all know what the lab situation is like although NSW and QLD labs are not quite as backed up as the WA labs.
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- Ann: Further Massive Copper Sulphide Intersected at Canbelego
Ann: Further Massive Copper Sulphide Intersected at Canbelego, page-19
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