There has been a couple of references on the ALK threads today , referring to the web link to the History of the Discovery of the Cadia Ridgeway copper gold porphyry deposit :
https://www.smedg.org.au/Sym99cadia.htmLikely only a few will have the time and interest to look at it .......but it is really a fascinating read ;
If you want to cut to the chase , as regards today's Announcement by Alkane ( and where its exploration focus will now be ) , below is the conclusions from this link .
The second and third conclusions , I've highlighted ....we have now got evidence of big "smoke ", and we have the money and dedication to drill .
Evaluation and further drilling will take time and money ----but memo from shareholders to Board ..Please proceed!
As exploration of any terrain matures it becomes increasingly important to explore the third dimension. In exploring at the depths at which Ridgeway was found, drilling is clearly the best, and mostly the only option available. To improve the value of deep drillholes there is a pressing need for more developments in downhole geophysics techniques other than EM, for the detection of off-hole, non-conducting, but possibly polarisable and/or magnetic and/or dense bodies.
The most significant factors leading to the discovery of Ridgeway include, firstly the use of exploration techniques appropriate to the scale/style of the target being sought.The drilling and geophysics used were able to effectively search for and delineate the metal and alteration zonation patterns of the large Cadia mineralised system in all dimensions, particularly at depth.
Secondly, the recognition of the significance of the Cadia mineralisation system encouraged persistence. There was so much ‘smoke’ there just had to be more deposits in the vicinity.
Thirdly, the ongoing enthusiasm and financial support for the exploration process from the Board level down, was vital. It was recognised that Newcrest needed Cadia to become bigger and better since it was the key to the immediate future of the Company.
(20min delay)