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GoldenGruts

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22/01/21

19:11

Post #: 50387193
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Originally posted by prawn_man: ↑

The 2020 geophysics survey identified many new targets - including the "south pipe" which was outside Corazon's tenements. Chairman Terry Streeter said in an announcement about 4 months ago, that he thinks the south pipe is the feeder pipe of massive metal sulfide for Fraser Lake. It is carrot-shaped and runs over 850 metres to near surface and has high chargeability (that's good I think). So Corazon had to apply for the new tenement and get landowner approval plus drilling approval. Hopefully those regulatory processes have been possible by now, Also Corazon said it would need to make a new track to the site and prepare the site for drilling - and all of that operation is during Covid19 problems. In NSW that chain of regulatory processes, alone, would take about 1 to 2 years - I know from experience. So I'm prepared to give tCorazon some slack and hope that their statement "to drill in the northern hemisphere winter" will come to pass. Remember that in late-2019 Corazon had the old geophysics reprocessed then was able to drill into near surface massive sulfide with high-grade nickel with long intercepts. Then in 2020 they gambled and tried to use the geophysics to guide deeper drilling. But that drilling failed and only found disseminated mineralisation (0.3 % nickel). So they had to carry out a new modern geophysics survey in 3rd quarter 2020, which has revealed the new targets. Investing in a dog like Corazon takes patience and guts. If drilling into large orebodies was easy, then it would have been found already by Skerritt or others. Good luck amigos.

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so Prawnie where is the communication to this effect from the people who really know what the situation is?

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wow, page-25

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

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wow, page-25

Top Stories

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

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4DMedical lands Philips US reseller deal with eye to Veterans Affairs' market post-lung damage

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Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

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Buyers (Bids)

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Featured News