Another excellent quarterly report from management,plenty of detail and information,well written and good layout.I wish other junior explorers did half as good a job in presenting their quarterly reports instead of treating them as a statutory chore. I particularly liked this image below showing the location of the old Gully Swamp mine in relation to the anomaly marked 5 and the following extract from their commentary. The reason being is that historical archives for copper production in NSW mention Gully Swamp and the grades achieved there.I believe mining stopped because of water ingress at relatively shallow levels.
The grades at Gully Swamp suggest to me that the deposit there was of a VMS style.Of note is that of ARD's current VMS targets anomaly 5(near Gully Swamp) is much smaller than ARD's priority targets which to my mind bodes well for the current drilling program.I eagerly await assays this month from West McCarron in particular.I would also like to hear more on the Copperhania South targets.
ARD Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
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