PRA 0.00% 0.0¢ promesa limited

All it needs is a decent recommendation by a newsletter before...

  1. 6,636 Posts.
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    All it needs is a decent recommendation by a newsletter before the drilling results start coming through.

    I am hoping for a buy recommendation after market close on either Thursday 29 September or Thursday 6 October. Any later and there would be a chance of some drilling results being announced before newsletter subscriber have a chance to get set.

    Am becoming a bit interested in the other elements present here such as silver, mercury, copper, lead, zinc and rarer elements such as antimony, selenium, tellurium and titanium.

    Some of the rarer elements could be quite valuable.

    From

    http://www.proactiveinvestors.com.au/companies/news/19011/promesa-begins-the-quest-for-gold-in-elephant-country-in-peru-19011.html

    "channel and trench samples returned (highlight) assays, including; 14.80 g/t gold, 10.15 g/t gold and 7.5 g/t gold.

    The high gold values continue along an elevated ridge line and along slopes at lower elevations, including 4.92 g/t gold. These confirm the potential for Promesa to have a large mineralized system.

    Metallurgical test-work confirmed that surface gold values are located in pervasively altered and oxidised rocks of the Cretaceous Chimu formation, with values ranging from 0.4 g/t gold to 3.5 g/t gold.

    The target areas are located within tertiary aged diorite-monzonite, granite intrusions in Mesozoic marine sediments that are classic indicators for gold and copper porphyry systems.

    Hydro thermal alterations at Cerro Curunday also contain evidence of quartz veins, hydro thermal breccias and stock-works with advanced argillic (clay) and phyllic pervasive alteration halos, which is a type of alteration that is found in country rocks of copper and molybdenum porphyry deposits, and is the ideal environment for epithermal high sulphidation and porphyry style deposits.

    Most recent field work on the western flank of the mineralised zone at Cerro Curunday include highlights of; 484 g/t silver, 4.02 parts per million mercury, 260 ppm molybdenum, 3.5% lead, and 0.09% zinc, along with positive assays for antimony, selenium, tellurium and titanium.

    This work identified three main anomalous zones, which includes an anomalous gold zone in the centre and top of Cerro Curunday that also carries some silver and mercury values. A second halo surrounds this zone and carries silver, mercury and molybdenum values, while a third outer zone carries zinc, lead and molybdenum values."



 
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