DEV 0.00% 28.5¢ devex resources limited

Ann: Large-scale12km long mafic-ultramafic intrusion at Sovereign, page-125

  1. 260 Posts.
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    Definitely a great deal more interest in DEV... very nice price action and volume... may it continue.

    So while we wait for news re Wilga Downs (who btw our JV partner TMZ call it a Cu-Zn project... which is just as nice as Ag... Zn has also been going on a tear...)... and as the U price keeps pushing on up, punching thru $40 lb... on it's way to $65lb.... lets see what news we get re Nabarlek / U40.

    I thought it good to remind everyone of Sovereign... in particular from the CHN preso yesterday. The now named "Torres" prospect (was called Drummond previously) which IMO looks very, very promising. Worth reminding that CHN (IIRC) have still not established the feeder zone/s for Julimar and they believe it is likely north of Gonneville. Hartog or Torres could be the feeder zone/s... or... could it be Sovereign?

    IIRC @RobThomas mentioned DEV have prospects south of Gonneville in the Avon lease... and that could be also a strong lead. For what it is worth I have attached Rob's google earth map which shows just how close DEV's Sovereign project is to the CHN Torres prospect (see below). Distance is about 7.5km to tenement boundary and about 11km to the bottom of the anomalies @ Sovereign. Just keep that in the back of your mind when the DEV DD & RC drilling starts this month... right on trend b/w CHN & CPN with 12km of mapped M/UM intrusion... hmmm....

    Lastly... worth also noting that DEV land is not in the State Forest. We have no restrictions to explore and although it is probably likely CHN will get a rig into the SF... it may be with some heavy conditions. We shall see.

    Go DEV!

    https://hotcopper.com.au/data/attachments/3560/3560691-dc4db674c88c8a5709261ebf0555a8bf.jpg

    https://hotcopper.com.au/data/attachments/3560/3560709-75c7d038fcdcf9b277e435fa04eb9b52.jpg

 
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