ENR 1.41% 36.0¢ encounter resources limited

Sentinel imagery shows lots of work done at Green over the last...

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    Sentinel imagery shows lots of work done at Green over the last 10 days. ENR certainly like what they have seen and probably blown the 20km budget with an additional 60 odd holes [On top of Hurley/Crean West/Caird as well].

    INTERPRETATION

    https://hotcopper.com.au/data/attachments/6320/6320171-b27cce45c1fa85cbdf8295d5f44000c1.jpg

    Red circles new drilling interp.
    200m spaced lines in western half of the arcuate structure.
    Extension drilling near Stromness Fault in the east.
    Mostly 80m spacing on holes except in east.
    Could not confirm holes 347-357 with satellite imagery. Puzzling as they have hole depths implying they were drilled. The visible texture in the imagery may obscure activity but would still expect to see something.

    Neil Pendock imagery. @Martink
    https://hotcopper.com.au/data/attachments/6320/6320198-c65f8483e168ac187e40e0a8529dd3b2.jpg
    I don't know what the imagery shows. Satellite thermal as proxy for gravity? NP recommends drilling 1 Km to north. Doesn't seem to work at Luni north for ENR.
    Highs orange/red interpreted outlines captured with red dashed lines FWIW. Transposed onto images below.

    Magnetics
    https://hotcopper.com.au/data/attachments/6320/6320275-e2a97686e5cccb4c2200039253c04e03.jpg

    Complicated - apologies.
    Red dots new holes
    Hole depths LH side of drill fences, hole numbers RHS.
    100m rough depth contour as possible proxy (in part or whole) for carbonatite - more weathered and/or karst related. Other zones possible as well. Interesting zone that broadly matches magnetics. Assumes holes drilled to refusal and hence a possible simplistic measure for lithology. Grade at EOH, as 2ic comments, is not much use unless part of thick higher grade accumulations. Each 1% Nb2O5 is roughly equivalent to 5 g/t Au which means stripping off 80m of cover is an option IF there is enough to warrant it. Obviously better if only 30m or so to strip as it is for a lot of Luni.
    Luni MRE lithology boundaries lower left corner.

    Gravity

    https://hotcopper.com.au/data/attachments/6320/6320302-ebaf60c2fae0aa897d1a3e5a6b67a0e1.jpg

    ===================
    Hurley
    Looks like a second diamond hole was drilled south of the initial one.

    https://hotcopper.com.au/data/attachments/6320/6320330-76559f3249212c01da4de4a8b39bf3c5.jpg

    ==========================
    Crean west drilling finished.
    Rechecked the possible DD/RC sites I mentioned before. Only one appears real.
    https://hotcopper.com.au/data/attachments/6320/6320340-ef0068d0e4f66e25b69f8109f3b026a9.jpg
    Broad diffuse on Sentinel
    https://hotcopper.com.au/data/attachments/6320/6320349-7b815caebb3f43c8e06f0fd5cf013279.jpg
    =======================
    ENR obviously like what they are seeing at Green. However, they need better grades and continuity to convince the market to reverse its decision.
 
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