Ann: Updated Presentation Materials, page-12

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gosouth

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01/11/17

14:28

Post #: 28398654
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Originally posted by eshmun ↑

I like the looks of the 500m untested IP target to the east of the Redskin prospect (slide 13).

You have 3 traverses of what appears to be shallow drilling sitting at the northern end of the IP anomaly. The middle drill traverse appears to show drill hits of between 1ppm and 3ppm (1g/t and 3g/t) in at least 10 drill interesections over many of these shallow holes. The more northern drill traverse shows 2 drill intervals in this range and more southern interval shows one in this range (which also happens to be closely aligned to the IP highs which appear to be intensifying to the south). If this target is similar to lode161 it might plunge towards the south meaning to two shallow and wide spaced traverses that crossed the IP anomaly to the south never had a chance of hitting good mineralisation. The south plunging hypothesis would also explain the middle northern line with the abundance of gold hits between 1 and 3g/t.

Given what has been uncovered under effectively what has been a dominantly barren oxide layer above lode161, the remaining prospects are wide open to uncovering similar style discoveries. This eastern Redskin target has many of the ingredients required for potential success IMO.

Lots of news flow to come I’d expect, most important of which are the remaining assays from Rebecca (due pretty soon).

Esh

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strong move today. Up until now most moves were a direct reaction to an ASX release.
someone wanted in. smells like a fund? No surprise if Sprott and the like is taking a look.

Gosouth

AOP Price at posting: 30.0¢ Sentiment: None Disclosure: Held
6 Upvote

0 Great analysis

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Ann: Updated Presentation Materials, page-12

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