GSN 0.00% 1.5¢ great southern mining limited

Ann: Trading Halt, page-15

  1. 5,272 Posts.
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    @FullMoonFever thank you for that we thought it must have been very close.
    on the same Komatiite trend ...BTR were not even looking for nickel but gold.!

    from 10.11.21
    The first assays from Brightstar Resources’ 12,000m drilling campaign at its Cork Tree Well gold deposit have stunned with high grade nickel adding to the bounty for the junior explorer.
    It is not uncommon to find nickel in those climes. Cork Tree Well and the broader Brightstar gold project is located in the Laverton mining district.
    That locale has played host to some major nickel finds in recent times like Duketon Mining’s Rosie deposit and Poseidon Nickel’s Mt Windarra mine, the focus of the Poseidon rush that launched the modern stock market.
    Brightstar acknowledged the nickel hits were unexpected, only found in 1m samples conducted every 20m to find pathfinder elements for gold mineralisation.
    But the grades were substantial, including 1m at 1.64% from 45m, 1m at 1.66% from 64m, 1m at 1.6% from 41m and 1m at 1.99% from 61m.

    back to GSN hopefully we hit the nickel jackpot!!!!

    MLEM and the four anomalies

    The MLEM survey was designed and modelled by Bill Amann from exploration and geophysical consultants Newexco Exploration, who were instrumental in the discovery of numerous major nickel sulphide deposits in WA, including Nova.
    It involved the laying of transmitter loops on a 1,200m by 1,200m spacing covering 70sqkm.
    This identified four EM anomalies consistent with possible bedrock conductors that were then subject to infill soundings that enabled three of the anomalies to be modelled.
    Great Southern identified the strongest anomaly in the southeast of the survey area at a depth of about 300m.
    The Diorite Hill layered ultramafic magmatic intrusion has the potential to host large nickel sulphide deposits of the magmatic type, a style of mineralisation that was previously overlooked until the discovery of the Nova-Bollinger deposit in 2012.
    While exploration at the East Laverton project is still in its early stages, the identification of highly prospective EM anomalies in a region that has hosted recent major nickel finds such as Duketon Mining’s Rosie deposit and Poseidon Nickel’s Mt Windarra mine is a tantalising hint that the company must follow up on.
    Finding a nickel sulphide deposit will certainly be significant for Great Southern despite its current gold focus, thanks to the growing demand for nickel coupled with dwindling global supplies.
    Rystad Energy has forecast that demand for the battery metal will increase from 2.5 million tonnes this year to 3.4Mt in 2024 due to its growing use in lithium-ion batteries for electric vehicles.

    BTR have a Gold Mill to be upgraded and restarted !
    they have stated that they may toll treat other goldies in the area.
    don't know if GSN are close enough to their mill ?
 
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