Good evening all. Western Australia has been ordered to stay home this long weekend and instead of the planned camping and fishing I am stuck at home. As such I've been putting in more DD on TNR and in particular Mt Monger. We've not heard about this for sometime so thought I'd share my current understanding and sentiment with the project.
As we know, TNR have tossed up a possible spinoff. So what may we be spinning off?
Mt Monger is approx. 50km out of Kalgoorlie, the world capital of gold mining imo. TNR's tenements are next door to 2 serious fellow ASX players; namely Silver Lake Resources (SLR) and lesser known Black Cat Syndicate (BC8). Here we have two significant blocks: Wombola Block and Mt Monger South Block.
Wombola BlockThe last ASX announcement (Dec 10, 2020) reported rock chip samples in the Wombola block of up to 21.82 g/t in the historical mine shaft. August 11 announcement reported drill results up to 3m @ 17 g/t from 97m (Providence which is south west corner of Wombola block).
Pay attention here that this block is next door to BC8. The neighbours have a planned mill going in at Majestic. Fingals has recently reported the following intercepts (hot-damn):
Considering the rock chip results can we get these? Why not? They planning a pit here and their mill is 10km away. This block of ours looks to me like wanted property.
South Block
Has this been touched? Or have SLR been in touch
What is planned? Management said in December ann that further exploration is schedule for Q1 2021. I don't know for certain but I doubt this has happened or is happening as the eyeballs are glued on Stirling (and rightfully so).
An exciting project in and of itself. Spin-off, sellable, JV, whatever, it has potential to justify a decent MC.
Please feel free to fill in gaps, add corrections etc.
magma
