WRM (ASX) Last Chance Exploration Update

Originally posted by tasidevil: ↑

Hi Guys,

I would like to share my thoughts:

(a) Only one high number in the rock samples has to be disappointing.

(b) The gold values in the soils are ridiculously high. This is particular so when we are supposed to be dealing with super fine gold with no nugget bias. You shouldn't be getting 2 to 7 gram soils samples.

Conclusion: These soil samples are very close to a significant gold source and the wrong rocks were sampled or don't crop out.

(c) The size of this mineralized area on a similar scale with Kalgoorlie. There is lots and lots of room.

(d) All geochemistry to date indicated that this is a huge volume of mineralized rock with local areas of enrichment. It is simply about the size and grade of those enrichment's.

(e) Donlin Creek mineralization occurs within acid dykes in association with arsenopyrite in low sulfur hydrothermal shatter zones. Last Chance rock sampling seems to have focused on highly siliceous breccia zones with high relief. Perhaps this is not where the gold is at and perhaps it is in the dykes and they have negative relief.

(f) Referring to my composite image above an argument could be made that the most anomalous stream sediment samples, soils samples and only high gold rock sample coincide reasonably well with the pyritic rhyolite dyke shown on the top photo in the three image composite. This dyke extends for up to three kilometers with the central 800 metres or so obscured by creek detritus. I am not saying the dyke itself is necessarily mineralized but the close spacial association with very anomalous gold geochemistry my not be coincidental. Personally I think it would be entertaining to dig a trench on either side of the creek where the creek detritus abuts the hill side scree. Very little rock sampling has been done in close proximity to this dyke.

There's Gold in them hills and like big Kev, I am excited!!!

Tasidevil

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Nice post TAS.
Informative and constructive researched analysis. Your background technical knowledge is invaluable so please keep them coming. I much prefer to read these considered thought out opinions rather than the constant whinging about the daily trade numbers that add no value.