Please do your own research and do not rely on the accuracy of the information contained in this post to make any investment decision.
In my previous post I mentioned that I could not find any proximate drill data on IRTM. This prompted me to dig deeper and subsequently I found what I think is a couple of holes drilled in EPC 1768 by Xstrata (then EPC 774) through the UND prospectus (adjacent EPC ). The detail can be found on QDEX, report CR 56763.
In essence, Xstrata relinquished the sub blocks as "they are considered largely unprospective due to extensive intrusions in the coal seams and steep dips" It also seems as if the Moranbah measures are very deep in these areas, where dips of "between 30 and 90 degrees" were observed.
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If the above info is correct, it places a serious impairment on my personal value perception of EPC 1768, as well as some questions on the diligence process followed in acquiring this tenement. Needless to say how my sentiment changed...
Please DYOR and verify the above information before accepting it as being accurate.
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