I know the Merlin story fairly well. That deposit is a...

First 52 Last

Share
Profile

Follow
RichardNixon

3,786 Posts.

27

04/08/14

00:46

Post #: 13762295
Share

Originally posted by Hotrock1 ↑

That's what I am seeing RN ... ~ 2000 ppm (0.2%) Mo..not too shabby at all. I am used to around 300 ppm Mo ..not to be confused with the MoO2.. or the tri oxide.

To convert Mo assays to MoO2 multiply the ppm X 1.5 as the closest approximation. MoO2 current price is approx $12.5/lb.

Some of the worlds highest grades occur at the Merlin mine at MT Dore (just south of Cloncurry).

Ivanhoe used to own it until they reinvented themselves as Inova recently and were subsequently taken over by Chinova very recently ... the link below will give you the drift .

http://www.inovaresources.com/articles/projects.html

CDU tenements seem to hold high grade multi metal prospects...this is potentially a good derisking situation.Let's see how it unfolds.

An area of interest to me has high Uranium grades (similar to Wilgar) but a lot higher Mo assays ..more in line with Merlin grades..it's also polymetallic.

You just gotta love the Cloncurry area ..never know what pops up if you dig up some dirt.

Cheers HR

No advice ..just dig deep and DYOR. At least there is now a tax deduction for explorers ..about time...I'll dig deeper now.

Expand

I know the Merlin story fairly well. That deposit is a geological phenomenon and its Mo and Re grades are exceptional. If you are getting anything similar at the project you are looking at then you are doing ok!!

CDU Price at posting: $1.72 Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

MTM

Forget gallium: MTM says it's extracted gold from e-waste

NEC

Nine Entertainment announces its CEO is stepping down – on an ex-divvy day

CHN

Chalice jumps on Putin nickel export ban threat – but then there's bad news

ASX Market Open: Local bourse to trade green | Thursday September 12

GTR

GTI extends uranium mineralisation at Lo Hema through development drilling

CU6

Clarity progresses SECuRE trial with positive safety results

BRX

Belararox to grow copper footprint in Botswana with 4,286 square km tenure

3 stocks with antimony news on Thursday

SS1

Sun Silver confirms high-grade extension theory at Maverick Springs with 79.6 g/t intercept

DXB

Dimerix begins recruiting young kidney disease patients in Mexico for Phase 3