I'm pleased someone else has read the prospectivity report.
Yes given we have an IOCG Tennant Creek style overprint, the prospect for a high grade gold deposit is real...and if sizable and at US$1800/oz...very valuable.
But how do you find it?
That's a good question for John Levings at the AGM who discovered the Tennant Creek White Devil deposit (760,000 ozs @ 14.6g/t) in 1985 with a company later renamed Normandy Gold Ltd.
Hey John, where's the gold?
The Tennant Creek historic mining district in the central Northern Territory is best known for its high grade Proterozoic Au deposits associated with magnetite-hematite-rich ironstones (Wedekind et al., 1989; Huston et al., 1993; Skirrow and Walshe, 2002). It has produced 5.5 million ounces of Au at an average grade of 19.3 g/t Au, but also has produced significant Cu (488 000 t Cu at average grade of 2.9%) and 5000 t of Bi.
Until then, it's likely to be more high grade copper with gold and silver credits....with the prospect of potential high grade gold and silver deposits in the not too distant future...we've barely scratched the surface.
High grade deposit. Significant high grade resource potential associated with large scale, deep crustal structures. Extremely favourable market dynamics. Low sovereign risk. Completing FS. Exciting times ahead.
IMHO. DYOR.
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