merlin mine, page-3

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Insiderunner

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24/12/24

18:10

Post #: 77181086
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Originally posted by P309: ↑

I have been a shareholder for many years and I am in the red in a big way, like many others. I still think there is some hope. What no one has talked about is the large anomaly yet to be tested on the Merlin lease, Given it is just 5 hours away from McArthur River mine, could it be another large lead zinc deposit bit like McArthur river mine which is one of the worlds largest zinc lead deposits which has been trying to expand its ore reserves and have every thing on site to treat the ore on site, I think it might be a good thing to see what we have in the ground and that may pay for the cost of getting Merlin up and running, what are people thoughts on that, I would like to hear what bungy234 has got to say on the matter. its very rare for me to post here on hc and no one has said any thing about this other deposit.i would like to say thank you to bungy234 for all his input over the many years, and always valued his views, I miss a lot of the old players on this thread as its hard to stay positive with the way things have been going lately but I live in hope what else can man do.All the best to all LOM holders lets hope that next year is our year. MERRY CHRISTMAS AND HAPPYNEWYEAR TO ALL.

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I agree the base metals theory may have merit,

Was at McArthur River mine while they were doing the river diversion.

Originally posted by bungy234: ↑

Cheers @P309

McArthur River and Merlin mines are both located in the McArthur Basin, so they share a similar geological setting. So it would come as no surprise if we discover base metals on our tenure.

Just over the NT border and into Qld was another big zinc mine which was operated by several companies over the years. I think that the current owner has been mining the tailing since last year.

The clever way to overcome the remoteness was to transport the zinc concentrate to the Karumba port via a slurry pipeline.

Alex Kidman did indicate that Merlin has the potential to host base metals. So yeah, I don’t think he has his head buried in the sand.

I suppose we’ll know more about that, along with Merlin’s potential to host more kimberlites when the results of the Xcite survey are in during Q1 2025.

All best for Xmas and the NY.

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McArthur River was / is using Bing Bong on the Gulf to export.

Good barra fishing in the river too….

LOM Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
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merlin mine, page-3

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merlin mine, page-3

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