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18/01/18

11:01

Post #: 30392327
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Originally posted by Messiah ↑

I see the .007 line has doubled today, up to ~20m.

Just reading the INV report for Pebas (INV referred to Pebas as RN-11)

RN-11 was identified as a prospective target by Teck based on the presence of a strong, large soil geochemical anomaly, 1.4 kilometres by 400 to 500 metres with peak values of 1,258 ppm copper and 317 ppb gold, and the presence of mineralized gossanous float (Figure 7-9) and an outcrop of very coarse-grained intense actinolite-albite alteration (Figure 7-10). A sample of the float collected by the author during a February 2009 due diligence site visit returned 27% copper and 4.6 g/t gold. Teck did not get an opportunity to drill this target prior to entering into the Agreement with INV Metals. Drilling by INV Metals intersected the most intense IOCG-style alteration on the property, with thick zones of anomalous copper, e.g. 105 metres at 0.23% copper and 146.9 metres at 0.21% copper. Further work is recommended at RN-11

In order to better define a number of Teck’s soil geochemical anomalies, INV Metals established a total of 49.5 kilometres of infill lines 200 metres apart and sampled them at 50 metre spacing, particularly at targets RN-11 and RN-05 and Rio Novo North. The in-fill grid lines were established by a combination of INV Metals employees and Geotop Serviços Topográficos Ltda. under contract to INV Metals. INV Metals personnel collected soil samples of the B horizon, which were then analyzed for gold and a multi-element ICP package. At Rio Novo North samples were also analyzed for platinum and palladium. In 2010, 1,029 soil samples were collected by INV Metals personnel. Figure 9-1 shows the integration of Teck and INV Metals’ soil geochemical results for copper in the southern part of the property, where the IOCG targets are all located. At RN-11, the in-fill soil sampling program extended the potential strike length of the copper anomaly to more than two kilometres, discontinuously, with values ranging from 300 ppm copper to a high of 1,644 ppm copper. The peak copper in soil value of 1,644 ppm was collected approximately 100 metres east of a gossanous rock which graded 27.6 % copper, 4.6 grams per tonne gold, and 73.1 gram per tonne silver.

The Rio Novo property is strategically located within one of the world’s most prolific mining camps. Work to date has identified numerous zones of hydrothermal alteration and brecciation and a number of surface and drill intersected copper sulphide zones characteristic of IOCG deposits. In particular targets RN-04, RN-07, RN-08 and RN-11 all appear to have the geological setting, alteration, and mineralization typical of IOCG deposits and warrant further work.

RN-11 and RN-04 both have alteration and mineralization styles similar to the giant Salobo deposit and nearby Furnas deposit. An interpretation of INV Metals’ drilling of RN-11 suggests that mineralization may be associated with a fault contact between quartzites and the gruneritemagnetite-garnet host rock. This new interpretation needs to be tested by further drilling

The author considers the potential to make an economic discovery on the property is high, as it is rare to have multiple, high-potential targets of several commodities on one property. In particular, the potential is considered high to find an extension to the Serra Pelada deposit at Rio Novo North, IOCG deposits at RN-04, RN-07, RN-08, and RN-11, and possible directshipping iron ore at targets RN-07, RN-09 and RN-14.

I think CTM undersold this to us when determining the potential of Pebas.................. View attachment 926789

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Who buried the big chilli?

CTM Price at posting: 0.7¢ Sentiment: Hold Disclosure: Held
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