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The dream is sybella gets up and running with government support...

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Giovanni33

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21/07/24

21:38

Post #: 74848910
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Originally posted by pimply56: ↑

Punt hill is a good project. .
Our next hole there probably will be step out from the near miss hole described at bottom.

"Step out drilling adjacent to historic drill holes with encouraging near-miss geology and geochemistry lead to the discovery of the exciting Oak Dam West deposit by BHP in late 2018. The discovery hole included a world class intercept of 438 metres grading 3.0% copper with 0.6 g/t gold."

Punt Hill and Pernatty Lagoon Joint Venture: Copper-Gold-Zinc (OZ Minerals Earning 70%)
Assaying of core from OZ Minerals’ maiden drill program at Punt Hill returned a wide interval of anomalous
copper mineralisation from the first hole into the PH1 target located just 42 kilometers south of their large
Carrapateena copper and gold development .
PH1 is a near coincident gravity and weak magnetic target that straddles the boundary between the separate
Punt Hill and Pernatty Lagoon joint venture areas (Figure 13, also refer to Red Metal ASX announcement
lodged 21 December 2017).
Drill hole DD18PTH001 was directed towards the high-gravity portion of the anomaly and intersected metasediments overprinted by dense, prograde-garnet alteration towards the end of hole that appears to explain
the gravity response. A wide 244 metre interval of anomalous copper mineralisation averaging 0.26%
copper was detected throughout the meta-sedimentary rocks with one of the better zones returning 35.0
metres @ 0.6% copper from 841metres, including 10.8 metres @ 1.0% copper from 841 metres (refer to Red
Metal ASX announcement dated 11 April 2019).
The copper mineralisation, located within the Punt Hill joint venture area, occurs as wide spaced
chalcopyrite ± bornite veins with associated magnetite ± hematite and more intense retrograde chlorite, Kfeldspar and siderite alteration.
The wide interval of anomalous copper mineralistion, proximal magnetite-chlorite alteration minerals and
subsequent geophysical modelling suggest DD18PTH001 may be indicative of a near-miss hole (Figure 14

It's elephant country for sure but the time in between campaigns takes away the interest, and when the next campaign is would be anyone's guess.
Same with Callabonna jv, also in the Gawler.
It would be awesome to be able to drill all their target near simultaneously that's for sure.

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The dream is sybella gets up and running with government support and later down the line we have cashflow to properly explore gawler....

RDM Price at posting: 16.0¢ Sentiment: None Disclosure: Held
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