Hi Xin,I thought most people would see the relevance of this article. The grades from historical drilling are fantastic, most are close to surface, which means low strip ratios and from the announcement "only 6 drillholes deeper than 140m
below the surface at Minyari and WACA deposits – All of which
intersected significant generally high grade mineralisation"
It just makes sense that NCM and AZY could form a strong partnership. From NCM "This bevy of business deals is part of our efforts to build a solid pipeline of early-stage exploration opportunities which have the potential to deliver the company's next generation of mines."
From AZY "the Company believes it has acquired an extremely valuable ‘brownfields’ exploration asset which may provide it with
its best near term development opportunity" and "Close to infrastructure – Telfer is 40km away, although no
approach on usage of this infrastructure has been made to
Newcrest Mining Limited, the owner of Telfer, at this time
Can you see where I was going with this, a JV maybe, no approach has been made at this time, but you can bet one is coming, probably after the upcoming drilling champagne.
http://hotcopper.com.au/threads/ann...ion-at-minyari-dome.2695856/?post_id=16964098
Review of recently acquired 100% owned Minyari and WACA
tenements reveals significant high grade gold (with copper)
mineralisation with strong exploration upside.
Intersection highlights from prior drilling include:
MHC086-3 (100650 North; Diamond Drillhole):
38.0m at 4.47 g/t gold and 0.05% copper from 88.0m downhole.
MHR065-7 (100650 North; Reverse-Circulation Drillhole):
35.5m at 3.16 g/t gold and 0.56% copper from 9.0m downhole.
MHD-1 (100550 North; Diamond Drillhole):
24.5m at 4.17 g/t gold and 0.31% copper from 18.0m downhole.
MHC086-2 (100650 North; Diamond Drillhole):
35.0m at 2.89 g/t gold and 0.36% copper from 10.0m downhole.
MHC20002 (100000 North; Diamond Drillhole):
15.0m at 4.64 g/t gold and 0.06% copper from 333.0m downhole.
MHC0675-3 (100675 North; Diamond Drillhole):
18.4m at 3.66 g/t gold and 0.21% copper from 37.9m downhole.
MHC065-11 (100650 North; Diamond Drillhole):
21.5m at 3.06 g/t gold and 0.56% copper from 118.0m downhole
MHR065-5 (100650 North; Reverse-Circulation Drillhole):
9.00m at 6.68 g/t gold and 0.24% copper from 36.0m downhole
MHR055-3 (100550 North; Reverse-Circulation Drillhole):
7.50m at 5.66 g/t gold and 0.38% copper from 22.5m downhole
MHC060-17 (100600 North; Diamond Drillhole):
8.50m at 4.02 g/t gold and 0.91% copper from 71.5m downhole
Note: All of the intersections above are down-hole widths.
Minyari deposit drilled along 250 to 300 metres of strike and
160m across strike and is open in all directions.
The WACA deposit has received only very limited drilling along
430m of strike and is open in several directions.
Strong exploration upside – only 6 drillholes deeper than 140m
below the surface at Minyari and WACA deposits – All of which
intersected significant generally high grade mineralisation.
Close to surface and potentially open pittable – Mineralisation
commonly commences just 1 to 10m below the surface.
Close to infrastructure – Telfer is 40km away, although no
approach on usage of this infrastructure has been made to
Newcrest Mining Limited, the owner of Telfer, at this time
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Ann: High Grade Gold Mineralisation at Minyari Dome, page-72
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