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lanek

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27/02/21

15:24

Post #: 51387505
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Originally posted by jesa: ↑

I was thinking more about the ground EM results from Hartog being received.. Here is what I found regarding the exploration activities in previous announcements.

4 January 2021 - Chalice secures access to major new targets at Julimar
Initial reconnaissance exploration activities to commence at the large-scale Hartog, Baudin and Jansz EM anomalies in the coming weeks. Exploration activities will initially comprise prospect-scale soil geochemical sampling (200m x 100m) in conjunction with 200m-spaced Moving Loop EM (MLEM) and ground gravity surveys (200m x 50m) centred over the Hartog, Baudin and Jansz AEM anomalies.
Initial exploration activities within the Julimar State Forest will commence in the coming weeks and are anticipated to be completed in Q1 2021.

27 January 2021 - Four new high-grade zones defined as Julimar continues to grow
“Initial activities in the Julimar State Forest have commenced, and we are eagerly anticipating first results from that work over the coming weeks. The initial activities will determine the potential for Julimar to be a multi-deposit, world-class mineral province if our previously identified airborne EM anomalies develop into additional discoveries beyond Gonneville."

29 January 2021 - December 2020 Quarterly Activities Report
Reconnaissance activities within the Julimar State Forest – initial wide-spaced soil sampling and Moving Loop EM programs have commenced at the Hartog AEM Anomaly. Reconnaissance activities will continue over the next 1-2 months. The results of this work will assist in determining whether Julimar has the potential to host multiple Ni-Cu-PGE mineralised systems.

So it's possible they have initial EM results given they commenced sometime between mid Jan and the 27th Jan, Started with the Hartog anomaly and were expecting first results over the coming weeks. I didn't think they would have received them so quickly, but I think you might be on the money.

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Isn't it reasonable to assume that there has been some 'sniffing around' in the State Forest some time before the formal approval was granted and announced by CHN on the 4th Jan?
Given that reasonable assumption, the MD's comments made at that date, namely:-
"This access approval has been eagerly anticipated and is highly significant, as it allows us to finally start to understand the true scale of the Julimar discovery" (page 2)
surely gives an indication of some really good news in the near future.

CHN Price at posting: $4.60 Sentiment: Buy Disclosure: Held
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0 Great analysis

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