Samples have probably been sent to the lab and waiting to be processed along with those from East Crean, Hurley, Emily and another half of Green samples. McIlroy will soon be added to ENR's backlog if not already.
They are just one of many companies who want their results yesterday.
Green is some form of technical success based on assays released and the implication that PXRF has been used to prioritise them. It is a relatively large system but grades along wide spaced lines are patchy and quite deep. Not a Luni twin which is what the market seems to have factored.
The west side of Luni bears some resemblance to this sparse assay results and drilling pattern.
There is potentially another 2+ Kms of strike to the trend of the carbonatite to the South East. Will probably reflect assay results seen to date in west Green but fingers crossed for something better especially where this trend interacts with the Stromness fault. Holes have been drilled and the company's PXRF detector used so they have some idea.
@Seth Davis commented that the detection limit for Nb with PXRF was 3000ppm. I couldn't verify this (another poster said they had) but did see an early JORC appendix point from WA1 saying 5000ppm (early so possibly improved since). At 0.5% limit the number of sites selected should be adequate but anything just over that cause some potential excitement until assay results come back. They have and excitement is tempered with fingers crossed zones do extend between 400m spaced lines.
EAL324 2-4m 2m @ 0.8% Nb2O5 caught my eye. This is the shallowest intersection I have registered in the area for Nb! Anomalous IMO with even 20m being extremely shallow. Would be interested to see an explanation for this zone.
The 200m deep hole in a previous announcement is now shown as 106m total depth.
The dots are highest results in hole only. A somewhat misleading way to report results. Almost like selected.grab samples IMO. Factual so not wrong just need to be examined with a critical eye as @2ic has and probably found lacking unless there are some real surprises. Even if there are good surprises the scale will be much less than Luni - unless the last 2 Kms really kicks in.
The yellow shape highlights a magnetic anomaly with a couple of interesting holes. 392 is from 70m down hole at 1% so not super deep for a near random hole. The strike extent of the mag anomaly is around 1 Km.
However, hole 362 is NOT associated with obvious magnetics!!
No panacea for where grade occurs based on available geophysics.
Marginal fenite alteration hinted at by low grade assays to the north. Would be normal for such alteration adjacent to an intrusive system.
The exploration geo in me wants a glass full but it is rarely that way.
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