Hi to all, I've been lurking here for a while, and finally decided to put in my 2.8c worth.
NTL has come up on the radar all round the world after the July 12 announcements and I'm guessing a few people who understand what
Low Sulphidation Epithermal Deposit means took the time to read the 2017 Annual Report. Hence the smart money might be taking positions as cheaply as possible.
Check out page 7 of the 2017 AP and look at the old samples now in Auckland Museum, originally from Level 14 of the Bonanza Strike in Talisman Deeps. The grades convert to 1,381 and 1,551 Au g/t !!
These look suspiciously like the classic grey sulphidic quartz with high grade gold and silver often found in a transition zone close to the base of the epithermal boiling zone.
However NTL also say in the recent Dubbo Deeps re-rate (pg24) "
there is detailed geology showing positions of the Maria Vein at least 100m below 15 Level."
So that possibly means that from Level 14 down to about 50m below Level 16 (the lowest level) there could be a massive resource that would lend itself to the modern mining techniques being used underground by Newmont at Waihi.
The image below shows the Levels, essentially what we're looking at here is a good chunk of the Boiling Zone. Below this section somewhere along its length is probably the location of the main quartz vein, which the old-timers didn't find.
Hold onto your hats fellas, and don't sell out cheap!
