Good pickup!
Key Points
Based on the size of the Calibre magnetic anomaly (~800m x 600m x 350m) in excess of 200Mt of mineralised rock may exist. Using the aforementioned 225m intersection as the average metal grade, this zone has the potential to contain in the order of 3.5Moz Au, 0.5Mt Cu, 4.7Moz Ag and 44kt W (Au Eq* grade of ~0.9g/t for ~6.3Moz Au Eq* contained metal).
And that is based on the much lower grade hole drilled last year! They also add:
Additional mineralisation has been intersected outside of the modeled magnetic anomaly which could potentially add to a resource. Should the grades continue to improve towards the centre of the geophysical target as interpreted, Calibre has the potential to develop into a significant Au-Cu-Ag±W deposit.
They are referring to the fact the material ABOVE the modeled anomaly up to the base of the cover is continuously mineralized. As well, the drills have so far all ENDED in mineralisation ... so the deposit is open at depth below the anomaly and appearing to be much bigger than the "jelly bean" in the graphic.
Finally, the amazing upside from other deposits:
Regional Prospectivity
The prospectivity of the broader Paterson Province, which
includes Antipa’s Citadel Project region, is well established. The region is viewed highly as far as greenfield exploration potential goes. Unlike other highly prospective regions, the Paterson Province has not been picked over by old timers or those that have followed. This increases the likelihood that multiple mineral deposits will be discovered. There has also been a limited amounts of deep drilling (>100m) such that very few geophysical targets have been adequately tested. The region is also known to be prospective for multiple styles of mineralisation which
increases exploration opportunities for the company.
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