SPQ 0.00% 0.8¢ superior resources limited

Ann: Strong mineralisation, substantial porphyry potential at CC, page-89

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 13,900 Posts.
    lightbulb Created with Sketch. 726
    Re Cadia Valley, also re wall rock porphyry deposits, these are 2 separate extracts from the report 12 April 23 on Bottletree.

    # Wall Rock-Hosted Mineralisation

    Previously reported drill holes BTDD004 1 and SBTRD006 2 are now confirmed to have intersected extensive vein mineralisation within the wall rocks (Figure 1). In some settings (e.g., Cadia Valley, NSW) porphyry-style vein mineralisation developed within the wall rocks may attain economic Cu-Mo-Au grades and be regarded as Wallrock Porphyry deposits (Newcrest, 1996). ................ Continued exploration will evaluate the Cu mineralisation within the wall rocks for its potential to develop into Wallrock Porphyry style ore systems.

    # Bottletree porphyry targets

    ..................Drilling of Porphyry Target F has resulted in the discovery of the Bottletree wall rock-hosted porphyry vein mineralisation and hydrothermal alteration.

    Now to Cockie Creek and yesterday's announcement. This is an extract that, once again, mentions wall rock porphyry

    PORPHYRY Cu-Au-Molybdenite TARGET AT COCKIE

    ...............................The mineralisation identified by the historic drilling potentially represents leakage into the wall rocks of a nearby mineralised porphyry system. As appears to be the case at Bottletree, the likely wall rock-hosted mineralisation at Cockie Creek represents a potentially significant outcropping copper resource. Copper grades are relatively high in porphyry deposit terms (Table 1), with historic results indicating increasing grades at depth. In addition, a significant zone of gold (3m @ 9.0 g/t Au from 80m) in historic hole CRC003 was returned just short of the western chargeable zone.

    This is the relevant extract from the link I gave (Portergeo).

    Cadia East

    There are five components to the Cadia porphyry system within the mineralised corridor, namely:
    ................
    (ii) Volcanic wall rock hosted disseminated and sheeted vein mineralisation at Cadia East within moderately to strongly altered lavas and volcaniclastic breccias. .................


    Read more about Cadia East here, a 2013 report. Cadia East Underground Gold and Copper Mine, New South Wales - Mining Technology (mining-technology.com)

    Back to Cockie Creek, Bottletree and Wyandotte. SPQ is in the process of working out what they containand what the genesis of the mineralisation is in each case, but so far the signs are that they are porphyries and are geologically related to Cadia valley in NSW. It is all very promising. It is still early days to a certain extent, but the potential for something big and special being found in what PH calls the Greenvale Lucky Creek Corridor is there. Could it be another Cadia Valley? That is what excites me! Stay tuned, even the doubtors.
 
watchlist Created with Sketch. Add SPQ (ASX) to my watchlist
(20min delay)
Last
0.8¢
Change
0.000(0.00%)
Mkt cap ! $17.35M
Open High Low Value Volume
0.7¢ 0.8¢ 0.7¢ $1.276K 173.9K

Buyers (Bids)

No. Vol. Price($)
7 1824366 0.7¢
 

Sellers (Offers)

Price($) Vol. No.
0.8¢ 8570307 9
View Market Depth
Last trade - 13.26pm 01/10/2024 (20 minute delay) ?
SPQ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.