Although I'm no geo, the company's claim that "Anomalous gold values from recent aircore appear to be associated with quartz veining within and along the margins of the intrusion and appear to reflect structurally controlled gold bearing quartz veins formed in response to brittle fracture of the intrusion by movement along the Bindah fault. This is the style of gold mineralisation described at the world class ~7 million oz. Granny Smith gold deposit 47km to the north which occurs in and along the margins of a granodiorite intrusion".
seems to be very well founded when considering the content in the link.
There's no doubt that it's early days out at LC; however, should AC drilling at BE3 (which is approx. 4km SSE of BE1) show similar results to that at BE1, or further outstanding visible core from BE1, or assay results from BE1 confirm what we hope/believe to be the case, then MAT will go absolutely ape droppings.
@john435, perhaps with your geo background you can give us some input in layman's terms as to the significance of what MAT have discovered.
MAT Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
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