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15:53
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Originally posted by lindentree:
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More irregularities here than you can poke a stick at...Fig. 1 on page 4 . They have another excavation going on in the background which looks like alluvial mining in gravels. (Note: Companies can apply for pushing large tonnages of gravel for metal detecting, but few to zero number of companies ever report the results, the contracts they have with alluvial prospectors are usually hand shake agreements). Fig. 2, page 4 of the announcement you can see a line of drillholes beyond that new excavation extending in a westerly direction. This line of holes had auger surface assays approaching 1g/t. The maximum auger sample of over 2g/t is between the bulk sample pit and the new excavation. The proterozoic dyke runs through the camp site past the left side of the new excavation and the left side of the mentioned drill holes. This line which represents the northern side of the dyke was highly anomalous for alluvial gold in AUGER samples and in the drill holes to a depth of 4 metres. And is a prime target for deep metal detecting. (The excavation is about 4m deep).vertical will not shed gold far from the source AND will have mapped profiles showing sharp peaks almost above present ore positions... as IS evident at Kat Gap). on topic is on display in the current announcement, page 4. There is clearly an excavation in gravels and there is no explanation for it in ASX announcements. If anybody at CLZ has a problem with shareholders speculating on their activities the solution to the problem is in their own hands...FULL DISCLOSURE. Just 250t of high grade ore could produce $1.25 million. At the claimed plant capacity, that's less than one full day's operation.lovely touch, but no names or job descriptions to show the participants pride in participating in the process about to unfold.
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Regarding my comment about the alluvial (?) excavation eeen in the announcement, I've talked to a mate about the details of these type of operations and he tells me that once a company has assigned the aluvial rights to prospectors, then it is up to those prospectors to apply for work permits environmental approvals and complete rehabilitation etc. After that it's a matter of trust. I believe the company has an obligation to report the details of these agreements, the amount of gold recovered and the companies share, but I dont know the legal requirements.
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