All in Opinion:
Conglomerate Gold
- FMG has taken a position on Atlas Iron which Mt Webber, Corruna Downs and McPhee are in close facinity to Marble Bar Conglomerate Gold Areas.
Will AGO go back to its Gold roots before becoming Iron Ore company?
IF Gold is discovered on AGO tenements (Refer to Mr Morgans comments in story) then wouldn't it be better for the sake of Australia's economic future, that Major Aussie holders are remaining on the register who enjoy the fruits of its success for AGO, it's shareholders and workers?
If majors such as FMG want to diversify in Gold and Lithium, doesn't it make sense to focus AGO on Gold and Lithium?
Just a thought....
Perth Now
Pilbura Gold punt the key players and discoveries in was new gold rush
Tony Barass
November 5, 2017 12:00AM
Have a read of the story. Exciting stuff...
Points interpreted from story above:
This gold rush isn’t @#£_@#£_?
Change Australia in the same way the discovery of gold over here in the 1850s changed Victoria?
There’s a “load” along a 200km strip between Karratha and Marble Bar? Biggest gold deposit in the world?
So where exactly?
AGO Quarterly Reports - Gold
*AGO Quarterly Report Oct 2017*
- Significant portion of Atlas’ North Pilbura landholding hosts Mt Roe
Basalt; several targets prospective for conglomerate-hosted gold
Exploration Notes from Quarterly:
"Post Quarter end, Atlas completed an internal review to determine the prospectivity of its tenements for
conglomerate-hosted gold mineralisation. The review was conducted in light of recent gold exploration success in the Pilbara, where several companies have found conglomerate-hosted gold mineralisation which lies adjacent to Mt Roe Basalt.
Atlas has reviewed areas of its tenements which contain the most prospective stratigraphy, including
the basal conglomerate horizon that sits beneath the Mt Roe Basalt, and the conglomerate sequences
of the Hardey Formation that overlie it. Combined with historical data, including information generated when the Company (then named Atlas Gold Limited) was actively exploring for gold in the Pilbara, Atlas has generated priority targets for further work within the Corunna Downs, Miralga Creek and McPhee Creek areas adjacent to existing Atlas infrastructure.
On-ground geological reconnaissance will commence in coming weeks and will initially include geological mapping, rock chip sampling and soil geochemistry."
*AGO Quarterly Report Jan 2018*
"Conglomerate-hosted Gold
In October 2017, Atlas completed an internal review to determine the prospectivity of its tenements for
conglomerate-hosted gold mineralisation. The review was conducted in light of recent gold exploration success in the Pilbara, where several companies found conglomerate-hosted gold mineralisation which
lies adjacent to Mt Roe Basalt. Atlas generated exploration targets within the Corunna Downs, Miralga
Creek and McPhee Creek areas adjacent to existing Atlas infrastructure.
In conjunction with the review, Atlas entered into discussions with several exploration companies active in the Pilbara to advance exploration for conglomerate-hosted gold. With changes in market sentiment
for conglomerate-hosted gold late in 2017, these discussions have slowed.
The exploration targets generated during the review will be incorporated into a broader review of gold prospectivity on all Atlas tenements."
Summary
What's your thoughts but my gut is telling me the major AGO players want the potential of Gold on AGO tenements...How much Gold is really out there?.......
Do I sell today to Gina or hold to possibly realise AGOs future Gold / Lithium potential?
AGO Price at posting:
4.2¢ Sentiment: Hold Disclosure: Held
