... what ?
... CHK are drilling adjacent to one of the biggest IOCG holes globally in recent times ... BHP AD-23.
... my view/bet from the start has been a possible JV a major ... if that doesn't happen ... then it doesn't happen.
... as posted earlier, WMC discovered Oak Dam East with two holes hitting and way back then in the 1970's/80's the geo's considered this maybe the outer edge of a much larger system ... now BHP have hit big at Oak Dam West around 5km west from Oak Dam East and CHK have Blue Bush fault around 7km west of Oak Dam west ... how big is the CHK Blue Bush fault ...
... this is why ... !! ... here is an insight ...
"NEWS RELEASE
Release Time IMMEDIATE
Date 27 November 2018
Release Number 27/18
BHP copper exploration program update
BHP today confirmed identification of a potential new iron oxide, copper, gold (IOCG) mineralised system, located 65 kilometres to the south east of BHP’s operations at Olympic Dam in South Australia.
Hole ID From To Length1 m Cu % Au g/t U ppm Ag g/t
AD-22 936 1060.5 124.5 0.52 0.48 85 3.37
AD-23 1063 1488.7 425.7 3.04 0.59 346 6.03
AD-23 inc. 1070 1250 180 6.07 0.92 401 12.77
AD-24 848 1254 406 0.66 0.35 266 2.09
AD-25 1193 1270 77 2.11 0.54 327 2.94"
[part of]
... one IOCG hit like BHP next door ... CHK goes nuclear.
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