The release today of Godolphin's quarterly will likely be considered by some holders and also non holders as "just another quarterly"
Looking at all the information and results at hand in relation to Narraburra, perhaps some of the diamond drilling results are far better than have been previously acknowledged here and in particular the latest 27 holes of which 14 holes intersected mineralisation outside the current limits of the previous mineralisation envelope, affirming the Narraburra Project's REE/RM prospectivity and potential for a considerably larger REE/RM system.
Of importance from todays quarterly:
Drillhole GNBDD022 was drilled in the north of the Project area, outside the zone of previously identified mineralisation. Pleasingly, this hole reported anomalous intersections of REE mineralisation. Hole GNBDD022 intersected 65.6m of clay and saprock, reporting several intersections of anomalous TREO downhole including 8m at 1,742ppm TREO from 46m and 8m at 1,854ppm TREO from 57m. Significantly, GNBDo22 is a new discovery with up to 7,956ppm TREO, including 1m at 1,090ppm Nd, 240ppm Pr from 61m and indicates potentially high-grade mineralisation is open to the north.
All drilling results will support the re-estimation of the previously identified mineralisation to JORC (2012) standards due to be released during next month -February.
Currently at half its listing price, with a gold resource to boot, best I say no more other than looking forward the re-estimation in the next 5 weeks.
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