NAE new age exploration limited

Ann: Trading Halt, page-17

  1. 6,114 Posts.
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    Qflwqa,

    Very likely. There is sickle shaped gold zone from the southern edge of gravity target 1, onto target 10 and possibly then extending to the east.

    If that are is proven mineralised, it is 1km. Might mean zone 1 and 10 is one large zone.

    If so that is profound.

    On completing rc, they mentioned further mineralisation when moving from zone 1 to 10.

    Meaning rc got mineralisation on both zones, it was also mentioned mineralisation found under oxides and adjacent in intrusions.

    So we know they hit it, but how many drills did, how wide and grade.

    I was a shareholder in degrey before hemi. At that time, wherever they drilled minerals, and deep too.

    I remember nobody was interested and I thought this is big, look at all these deep holes. Then they announced hemi and bang.

    Nae would not go into a halt and state material if average or good results only.

    I also think depending on size here, they will be a takeover target by northern star early.

    They have many targets, most not tested, so success on those will not be build into the cap at all. Is why.

    Also ozs bought would be at premium because no plant required, just another pit to feed an existing future plant.

    Also hemi is the only massive deposit, the rest in the area smaller than hemi.

    So if nae turns up anything larger than these none hemi deposits very valuable.

    I feel 70m to 100m mineralised intercepts are on the cards and mineralised zone 1 > zone 10 for 1km strike.
    Last edited by mode1971: 22/05/25
 
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