STK 2.56% 8.0¢ strickland metals limited

Stk General, page-577

  1. 4,399 Posts.
    lightbulb Created with Sketch. 6623
    Morning @Silverned
    I am not sure about your Q.
    Why do a DD without giving some exploration commentary?
    If you ask about the cores at GW only, then it becomes a matter of time for assays to verify anything.
    From this excerpt below, we can determine that !. there are no cores at GW, and 2. They are using PXRF.
    How do I know they are using PXRF?
    They would have to wait for multi element assays to know about the similar Geo-Chem unless they will be reading from the pulp.
    As I understand, GW is RC and not DD at this stage.


    https://hotcopper.com.au/data/attachments/5835/5835783-47921a05c0444eb867a120ada9c72602.jpg

    I know that there is a second fence line that has been prepared but do not know if any holes were completed along that line.
    Multi element assays will take a lot longer (13 weeks), but gold and Cu around 6 weeks or so, depending on demand and time of year.
    The observations simply describe underground geology, which I am happy to see.


    If we look at what came from Marwari, Commentary of those holes gave us info like BIF presence.
    Pics of DD cores in a previous ann show Selvage and intense veining. Does that suggest the border of an intrusion?
    Another Q for me question is, Which is hosting the gold, the BIF or the veins.
    In the case of what the assay's proved, Neither host it as per the assays of those first 3 holes.
    Multi elements on that would be even better to show how close we are to main game.
    We can assume that we are in the vicinity of a large system by the observations given so far.
    Those supergene enrichment zones most probably have a feeder like what was found at Millrose.
    Of course there may be isolated pods that are no longer connected but I expect to see a large source uncovered here.

    To answer your question, I would have to say the this type of unfolding events is very common is exploration and so are dud holes.
    Just look at the holes at Dusk Till Dawn to see the duds before finding feeder zones, (or anywhere else for that matter).

    The market reacted those holes not finding, what the MC was frothed up to be at the time.

    This is a game of patience and luck.

    Hope that helps mate but I am feeling lucky here and I am in for quite a bit longer yet.

    Kind regards, Wack.
    Last edited by Wack: 21/12/23
 
watchlist Created with Sketch. Add STK (ASX) to my watchlist
(20min delay)
Last
8.0¢
Change
0.002(2.56%)
Mkt cap ! $176.5M
Open High Low Value Volume
7.9¢ 8.0¢ 7.9¢ $141.7K 1.781M

Buyers (Bids)

No. Vol. Price($)
2 206640 7.8¢
 

Sellers (Offers)

Price($) Vol. No.
8.0¢ 344197 3
View Market Depth
Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
STK (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.