Implications of Gibb River’s (GIB) discovery for PAK

Implications of Gibb River’s (GIB) discovery for PAK

Seeing the proximity to the the Gibbs discovery to the east of the Porphyry Gold Mine immediately caused a rush of constrained enthusiasm to my mind, given that Pacific American has recently announced a deal immediately to the north of the same mine. The geology on the PAK ground will be tied in to the very important Keith Kilkenny Shear Zone that runs roughly N-S, whereas the Neta discovery of by Gibb is in the more discrete Edjudina trend to the east. There is nothing to suggest that they are connected geologically, but nevertheless, you can conclude that the region still has new orebodies just waiting to be discovered. PAK is in the right place with ground that has definitely been under-explored by previous owners. We look forward to the drilling in the New Year.

http://www.fareastcapital.com.au/imagesDB/newsletter/WeeklyComm17October2020.pdf