Hey any one got any insights into the JV with TAS at Vulcan. Any...

Hey any one got any insights into the JV with TAS at Vulcan. Any plans to drill soon?

48296549

Vulcan (IOCG -U?) prospect is certainly of interest to me because of the MT ('magnetotellurics').

MT has gained further validation as a mineral exploration tool from the well-known, so-called, ‘Fingers of God’ conductivity pathways that point to the Olympic Dam IOCG-U deposit which hosts the world’s largest uranium and fourth largest copper deposit, and adjacent ‘fingers’ pointing to two other IOCG deposits, Wirrda Well and Vulcan (Heinson et al 2018).

https://www.tandfonline.com/doi/pdf/10.1080/22020586.2019.12073002

Figure 3 (page 4) from the Tasman ASX announcement dated 21 March 2018 shows the potential former mineralising fluid pathway to Vulcan:



"Figure 3 is a profile of MT conductivity data from near Woomera 100km south of Olympic Dam to a location about 70 km north of Vulcan, supplied by the University of Adelaide.

Areas of higher conductivity are postulated to indicate zones of earlier mineralising fluid or melt pathways, which would have been critical in locating where a large IOCGU deposit would ultimately form.

It is extremely encouraging that the MT data clearly confirms Vulcan as a major regional site of mineralising activity, along with the postulated pathways associated with Olympic Dam.

Tasman believes that it is most likely that both Vulcan West and Vulcan itself share the same deep MT conductivity anomaly, and hence potential mineralising fluid pathways."

Cheers