AZY began on Tim's Dome, and what was then called the Paterson...

First 200 Last

Share
Profile

Follow
salpetie

2,929 Posts.

7620

04/04/24

16:49

Post #: 73192323
Share

Originally posted by Onceover: ↑

And it got whacked! Bloody 'ell..

Personally, I think there may be some more newsworthy announcements to come from the Newmont/Antipa Wilki Farm-in. Newmont are still in there and spending at the moment. And they are in a hurry, to substantiate or eliminate the possibility that there may be another 'Telfer' there, so that they can get on with the Telfer divestment if there isn't one, or go full steam ahead with the earn-in if there is.

First cab off the rank at Wilki will be the current quarter's drilling at Tim's Dome. That presumably is what the 450m of RC or diamond drilling is for. And if Tim's Dome is, as suggested, a re-emergence for the Telfer Dome, then all it probably needs to test it is a single deep drill hole on the crest of the domal structure. At Telfer, in it's un-mined state, a similar hole would have cut through a whole series of stacked gold-bearing 'saddle' reefs in the crest of the dome. (And this may have been done before at Tims. I haven't checked. In which case, there may be a more specific target to be tested/eliminated there).

And the second cab off the rank that I would expect would be the announcement of a substantial drilling program at Parklands. The heritage program for this is currently in progress, so Newmont aren't messing around here. They want answers fast. And they will only get these by completing the heritage survey and then drilling the area. Substantially.

So if it were me, I wouldn't be selling right now. I'd be buying. Which is not investment advice to anybody but myself!

Expand

AZY began on Tim's Dome, and what was then called the Paterson area - later Wilki, with this compilation report in 2016

Subsequently AEM, 117 aircore holes in 2017, some geophysics and perhaps a couple more holes I haven't been able to track down all details (2021 DDHs 42-44 max length 190m at -60 NE). Long section and one section from the 2016 report

Haven't tracked down details of these holes but from sections a couple of inclined holes have exceeded 300m. Patchy lodes? as might be expected. Don't hang together too well but spacing is wide. (CF ENR's Lamil dome drilling??).

Early MRE.

AZY Price at posting: 1.3¢ Sentiment: Hold Disclosure: Held
13 Upvote

1 Great analysis

Reply