Not saying these results will have the same outcome but DEG...

Not saying these results will have the same outcome but DEG posted aircore results 17/12/2019 that were ignored by the market (4c level) until RC follow up gave the first hint of some 10 M0z and counting at Hemi. Note some of the aircore holes that were considered duds at Hemi have subsequently been found to have missed mineralisation by a few meters but gave? favourable geology hints.. If the first holes had been centered 50m either way the results may not have encouraged further work.

Always tough to get excited about aircore results where ppm levels can be significant, or not. G/t Au levels are good news which may or may not lead to better things. "Pathfinder" elements get 'trotted' out routinely but seldom seem to lead to deposits as often happens with geophysics/geol and other geochem - better to have than not as they (anomalies) can be talked up to potential drill targets.

Some context for Geo1 and T12 with google earth data dump from my database.
This database may not be (unlikely to be) completely accurate or complete - I cannot readily find some of the sources I used because they were probably extracted from old open files going back to the late 1970s - pre digital in many instances. There are probably in excess of 3000 holes across the greater Minyari area most drilled by WMC/Newmont-NCM/ and AZY. Early work was RAB with up to 2000 holes that seemed to work only around Minyari/WACA and Judes leading to a focus there. This image for T12 gives a hint of the wide spaced work away from the main deposit.


Early Rab at 1 Km line spacing but close spaced along some lines.
Various other early programs some with RC and one registered as diamond but suspect that may not be correct.
AZY 2017 aircore and the recent program.
Geologically complex area (Geo1 also), with magnetic and gravity anomalies that may be significant when combined with the AC results.
The outcrop may help determine the statigraphy which is named as Malu in the announcement. The malu is the main host for mineralisation at Telfer. As with the comments above about geophysics/geochem having a good stratigraphy is encouraging but no guarantee for success.

Zooming in on the SE of T12 where there is outcrop visible (NE of the mag trend).



A large area with complex geology and decent hints of geophysical and geochemical signatures worthy of some follow up.
Limited previous drilling stated in the announcement. The number of holes belies that statement IMO but how effective they were does not.

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Geo1


Go with AZY's presentation of data - much easier to follow.
Only limited old RAB drilling (perhaps WMC mid 1980s) prior to the substantial work by AZY which has recently extended to the boundary with the Paterson farm in (not a JV yet?).
The area is strongly folded to the immediate NE with the possibility of that structural complexity extending SW. Probably makes targeting difficult and could reduce continuity of mineralisation.
To the SE are outcrops of Minyari Granite (non magnetic vs magnetic Crofton Granites). Due south of Geo1 on the AZY/IGO ground there is no outcrop or detail drilling to determine what lies below the sands. The broad magnetic trend along the boundary is open for interpretation. One possibility is a thermal aureole/skarn to the granite, another is mafic hosts but - over to geophysics and drilling to come up with other options.
The granite 'model' would minimise potential to the south - perhaps.

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Tetris to the back burner...

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With Telfer on the block AZY would have to operate Minyari as a stand alone in the near term. The next owner of Telfer will take some time to bed things down but can't afford to spend too much time doing so. Without Telfer as a toll milling option Minyari is likely to be stranded with a a high capex to produce a saleable concentrate for trucking. Been discussed many times in various threads with speculation that awaits action by multiple parties.
Telfer will keep chugging over until the sale - IMO. Probably cash neutral to slightly positive so worth doing.
Difficult to see Newmont stumping up cash for Parkland drilling. But?

Karora (formerly Royal Nickel...) was on the block before a blast revealed this. Newmont would need more than this to change their mind. But a few intersections of +1g/t over tens of meters would spice up the sale price for sure.




B...y exploration geos always optimists are the bane of bean counters and investors...