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Ann: New niobium-REE carbonatite at Hurley - 3km east of Crean, page-3

  1. 2ic
    5,893 Posts.
    lightbulb Created with Sketch. 4889
    This Handheld XRF business has made logging and grade to 'exploration significant figures' fish in a barrel for inside trading. Regardless of whether or not any discovery of significance is made with these juniors, plenty will make a killing just frontrunning the lab... if there is actually supergene carb worth waiting on the lab for.

    Run up on HandXRF from 25th July on holes 7 & 8, shares popped and dumped on partial lab confirmation of HandXRF in supergene clay 7th Aug, price tracked sideways until drilling failed to hit anything worthwhile stepping out from 7 & 8, so price started falling immediately despite further good lab assays expected hole 7. Remaining hole 7 assays popped higher on open 6th Sep but got smashed all day, because the market (insiders) are forward looking and the Aileron drilling program wasn't coming up with the required high-grade supergene clays required for a project to make bank out west of nowhere...

    And so its just about back to where it started before today's update, mostly eroded to fresh carb basement, under thick transported cover (which means little weathered carb to create supergene blanket deposits). Carbs are common which shows upside potential, but not the weathered geological profile from near surface one probably needs.

    GLTAH... it's still an exploration play with potential, just not what I'd call a 'discovery'

    https://hotcopper.com.au/data/attachments/5616/5616177-f3210ba1cc9c9c1d1ac7b0a2a356c747.jpg
    https://hotcopper.com.au/data/attachments/5616/5616183-0d14eddb9db66c70c9fb9648654a5af9.jpg

    https://hotcopper.com.au/data/attachments/5616/5616206-671e4302d0bea3cbbd4c756b6edf4f3c.jpg

 
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