Ann: Horse Well Drilling Update, page-160

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10/10/20

08:02

Post #: 47992944
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Originally posted by DirtyCommie: ↑

Without wanting to be too blunt about it, I think it's overly optimistic and fails to account for the fact that there's an enormous, world class Cu deposit a couple of km away. The whole Olympic Corridor has had a massive fluidic emplacement event that stretches at least as far as Carrapateena to Prominent Hill, which dumped an insane amount of iron, sulphur, copper and other metals into the ground. Where there's a suitable structural trap, you would expect some haematisation, probably even some mineralisation of copper, gold, uranium etc.. It doesn't neccesarily mean you're just about to hit the next Olympic Dam.

This is particularly true when you're a couple of kilometers from a massive known concentration point for the mineralisaing fluid (i.e. ODW). You're almost certainly within the alteration halo of that deposit, and even if you aren't, it's no stretch to assume that every shear and fault which resulted in brecciation could have either been a conduit for that fluid to come in or go out: ODW is probably throwing off narrow veins of haematised breccia in all sorts of directions, hitting one of them doesn't neccesarily mean any particular proximity to anything other than ODW itself. Are any of them going to be large enough to justify mining at >1000m down without the big kahuna also being involved? Very likely not IMO unless the gravity data collected to date is wildly inaccurate.

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... DirtyC great to read-up your and Geo Neo's hole comments ... and with CHK drilling ahead, things may really start to get interesting ...

CHK Price at posting: 1.3¢ Sentiment: Buy Disclosure: Held
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Ann: Horse Well Drilling Update, page-160

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