Hey mate,
Im no expert on CHN by any means, but I was briefly reading a few of their early EM announcements and early drill results about a week ago and it was mentioned in a couple of their announcements (and on a PUR announcement referencing Chalice) that they made mineralised drilling intercepts from Strong EM conductors.
Also CHN has referenced in their latest AEM survey that the lower Siemens numbers from their anomalies that were found was consistent with PGE mineralization.
I’m not 100% sure, but Off memory CHNs first hits at Julimar had high EM readings and they even stated that they targeted first the area that pulled the highest seimens reading which I’m pretty sure was had the highest grade of Pd in that set of drilling...
So their latest announcement in regards to their Siemens numbers, I thought they weren’t bad, but overall nothing special on a conductor front.
PURs higher Siemens readings at Phil’s Hill is also in the range of a lot of high grade Nickel Sulphide finds imo.
(this is partly why I have mentioned the significance of a good Ni find a few times)
Have a look at Sirius’s Nova Bollinger find that took them from 5c to $5!
Off memory their AEM Siemens numbers were higher than PURs but a bit closer to the surface. Their strike length was 1000m, whereas PURs is 900m.
Sirius’s em conductor depth was deeper also they stated the ultra mafic rock formation much like PUR has, overall they seemed similar from what I could see, with PURs being a bit smaller.
Also their neighbour had a 7000 Siemens reading on their AEM survey, which I compared at the time to their SP and the market thought they were onto another
Nova type find, which turned out to be something totally different like shallow silica sand? Or something...
So yes, I agree that not all neurology plays will be likely to make company defining finds, but for PUR, their Cal East anomaly ticks a lot of boxes to me and has a very high chance of at least finding a large high grade Ni ore body. Siemens readings, depth from surface of conductor, overall conductor shape and formation, rock formation, historic drill results in area etc all seem to be very promising imo.
Nothing is fully known until soil sampling and drilling is done and this is why we are a measly 7.8c atm and not 50c plus or back to 4c imo.
Time will tell, but imho, our anomaly at Phil’s hill could very well be the best neurology find to CHN
DYOR though as I may have misinterpreted something along the way and would hate to mislead anyone with wrong information.
But my advice is to look around at successful exploration companies and have a close look at their EM data and you may be very impressed with Phil’s hill anomaly!
Expand
(20min delay)