The De emphasis of Selinsing in Favor of Murchison
It's a strange turn of events, making Murchison the corner of its future objective of becoming a larger scale producer.
The new 3D geologic model obviously provided them with a new perspective of the potential to discover new gold resources at Murchison , in what is now the largest gold producing in the world.
Over 60 new shallow oxide targets that have never even see first pass exploration activity.
21 open pit mines , that have very little drilling of the higher grade motherlodes in the basement that probably exceed 1000 m in total depth and 100% probability that each mined pit has its source rocks in the basement.
NOA 7/8 is a great example of this, with modest drilling showing high grade lodes extending deep and outside the pit boundaries
Also, most of the mining equipment is in place and cheap to increase capacity.
Plus lots of synergistic acquisition opportunities......every miner in Western Australia is seeking new oxide pits and beginning to drilli below existing pits....Murchison is as advanced as most of these in this regard.
Plus, the high grade discoveries at Tuckanara and high potential for Stakewell offer great synergies with ODY.
And higher valuations . Compare with Malaysia where total national gold production is less than 150,000 ounces per year.
Place Selinsing in that context within a year, when the Floatation plant goes into operation and mining begins in a serious way at Peranghi.
