The independant Southern Geoscience geologists have indicated that Mt Barrett has a similar magnetic signature to Mt Weld,which is approx' 150 miles to the south.
They have concluded that MB is prospective for a magnetite Au mineralisation or a Mount Weld style REE mineralisation.
Southern Geo also describe MB as a Late Magnetic Intrusive system,which means intrusive rocks are formed from magma that cools and solidifies within the crust.The magma cools slowly and as a result these rocks are coarse grained.The mineral grains in such rocks can GENERALLY be identified with the naked eye.
Therefore if ORO's geologist is going to be on-site close to the core samples being retrieved from the target zone, he will be able to visibly identify the mineralisation and make a determination early.As they said in the latest announcement progress reports will be made.
This drill could be highly significant and I like the fact that ORO are free carried with other projects to drill in coming months.
DKO Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held
