GRL godolphin resources limited

Amigos, sorry to keep rambling about the diamond drill cores for...

  1. 2,893 Posts.
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    Amigos, sorry to keep rambling about the diamond drill cores for Yeoval North (aka Cyclops), but in the announcement (which was in early April) the MD said assay results are expected in early Q3. So maybe one day this month we will know whether the team is onto a copper-gold porphyry (a possibility that was suggested in the announcement). If not, its back the the drawing board with Narraburra and Lewis Ponds, which are very good prospects in their own right. However, I'm sticking to my guess that the assays will show Cyclops has rich veins (5% copper) plus lower grades of copper-gold throughout the country rocks of the the granodiorite intrusion. The chargeability map from the announcement is copied below. Cyclops is the red "eye" in the northern part of the map and previous drill holes are marked with white dots. I'm always worried about false positives in geophysics (caused by barren iron sulphides, carbon in shales, etc). However, the images of the core from Cyclops suggest that the geophysics may be onto something, but the assays will tell the truth. Good luck everyone.

    https://hotcopper.com.au/data/attachments/4474/4474203-bf1ac01e65a4605842450458ba26b79a.jpg

 
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