GRL godolphin resources limited

0.00%

0.9¢

Yep I appreciate your response, just saying all that...

First 37 Last

Share
Profile

Follow
aliscrazy

4,545 Posts.

421

20/05/20

12:31

Post #: 44724433
Share

Originally posted by prawn_man: ↑

Aliscrazy, it's a fair comment. But you have to remember that geologists generally believe that these types of systems come from a large magma chamber ( a porphyryr instrusion) where heat, pressure and boiling causes gold and other metals to be carried towards the surface and be deposited in cracks and weaknesses in the country rock. From what I have read in the GRL announcements, they have said they found "quartz-adularia", which from my understanding indicates the mineralisation of gold (and other metals) is a low sulfidation deposit. If that is the case, we can use the diagram below to illustrate the difference between low sulfidation and high sulfidation. In the diagram, you can see low sulfidation gold (Au) on the left hand side of the top diagram. It is deposited at a distance from the igneous intrusion, and this may be the case at Mt Aubery. Often low sulfidation deposits will be high grade gold (much higher than found by GRL - but it is early days). This is GRL's first drilling program and they just did a simple RC drill (which means that the rock comes out of the drilling as crushed pieces - not a solid core). It will give GRL some clues as what to do next. Importantly, they found the gold continues at depth below the old pits and they found supergene gold (enriched by acids dissolving away the pyrtie-iron, etc) . The supergene gold was in an area that is away from the pits. So to me it was a great first effort. There should be plenty of news to come, and we haven't even scratched the surface at the other prospects. Good luck amigo.

Expand

Yep I appreciate your response, just saying all that doesn't really get the juices going for high risk plays such as "bonanza grades" I'm sure you're familiar with a few current junior gold explorers that have exploded recently.

GRL Price at posting: 17.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

PV1

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

PIQ

Proteomics notches up as company launches PromarkerD into the US

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

NVO

Novo flags antimony and gold in the Pilbara – but does it need to step back?

AL3

AML3D opens new facility in Ohio as US Defence strategy bears fruit

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

First 37 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 0.9¢		Change 0.000(0.00%)		Mkt cap ! $4.039M

Open	High	Low	Value	Volume
0.9¢	0.9¢	0.9¢	$151	16.77K

Buyers (Bids)

No.	Vol.	Price($)
14	4592560	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.0¢	1118893	5

View Market Depth

No.	Vol.	Price($)
13	4392560	0.009
7	2400000	0.008
8	3828627	0.007
4	966833	0.006
4	2170000	0.005

Price($)	Vol.	No.
0.010	1118893	5
0.011	1575101	2
0.012	1033005	3
0.013	577410	6
0.014	1146889	3

Last trade - 16.10pm 20/06/2025 (20 minute delay)

GRL (ASX) Chart

Yep I appreciate your response, just saying all that...

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

Proteomics notches up as company launches PromarkerD into the US

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

Novo flags antimony and gold in the Pilbara – but does it need to step back?

AML3D opens new facility in Ohio as US Defence strategy bears fruit

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Yep I appreciate your response, just saying all that...

Top Stories

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

Proteomics notches up as company launches PromarkerD into the US

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

Novo flags antimony and gold in the Pilbara – but does it need to step back?

AML3D opens new facility in Ohio as US Defence strategy bears fruit

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News