highly prospective tenement similar to sfr!

As per their 6/5/2010 announcement:
Similar geological setting to Sandfires high grade VMS
Cu-Au DeGrussa deposit 80km NE.

First juicy bit!!
(1)
Rock types: half of the tenement overlies the Narracoota Volcanics (18km strike length); a volcano-sedimentary sequence which also hosts the DeGrussa Deposit.
(2)
Within a radius of two to ten kilometres of NST's Cheroona Project, historic production from old workings in the Narracoota Volcanics has occurred at Mikhaburra / Holdens Find (7,300 oz Au), Cashman (7t @ 16% Cu for 1t Cu, 250oz Au) and Ruby Well (6,200 oz Au).
(3)
NST have an additional tenement in application stage (ELA52/2509; Beatty Park Project, 19km2 - refer to Figure 1) 30km to the NW. Beatty Park also overlies the prospective Narracoota Formation and sits on the Bryah basin margin; thus highly prospective for VMS style Cu-Au mineralisation.

Overall:
The 110km2 tenement straddles the highly prospective Bryah-Padbury and Yerrida basins, just 80km SW of Sandfire Resources recently discovered Cu-Au rich DeGrussa Resource (7.13Mt @ 5.2% Cu, 1.9g/t Au, 15g/t Ag for 372Kt Cu, 439Koz Au and 3.4Moz Ag). The Horseshoe Lights Cu-Au mine (on care and maintenance) which produced 55Kt Cu,
310Koz Au and 2.9Moz Ag is situated 70km north.
The Cheroona Cu-Au project is located 70km north of Meekatharra, a major regional gold mining centre with adequate infrastructure to support
exploration. The tenement is easily accessible, being only 5km from the Great Northern Highway.