George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Thx hydro.
Ignore that Paddy, just read thelearners post which details how it was found .. apologies.
Paddy, that being the case, what made them drill there ? Just a question not doubting your info, just interested thx
PaddyGall
Posts: 4,880
Price: 17.30
No Opinion
RE: RNSToday 15:22
Agreed Bamps, there was no sulphides and no gravity or magnetic response at Telfer but guess what, they found plenty gold & copper there.
Burleigh . Thx for that detailed reply,
"contract drillers are sloppy - apparently losing 20% of the results because they don't really care what they're doing."
I am sure NCM nor GGP would put up with that standard of work .. nor would the drillers employers I would imagine. But interesting comments on the co. ( whoever they are ) They do seem a bit weak if that's the right word, and if that's the case I can't see them lasting long.
I was delighted with the RNS - lot more acreage in under explored province for quite low cost.
The bit between Telfer and Haverion - was released by Newcrest in 2017 - and in that area, nobody will know more about geology than NC - so also think possibly strategic - unless CB and his team have an inkling of something.
I m no geologist, but like reading when I get time - I had already read that Telfer had no magnetic signature - as someone has already posted today - but some of the reefs were above ground. This is quite an old article about the geology.
https://www.tandfonline.com/doi/pdf/10.1071/ASEGSpec07_12
Bu the history of Telfer is fascinating - discovered in 1970 (with interesting story about the now deceased French prospector who claimed to have discovered it but never pegged it out or staked his claim), they started with open pit, then found more as they went deeper, so then started drilling deeper, construction of a decline, deeper drilling then underground mining. It does make me wonder what else could be underground in the Paterson.
http://www.portergeo.com.au/database/mineinfo.asp?mineid=mn224
I consider the RNS today to be good news - and the 4% drop probably more related to gold price and GDXJ selling - no matter to me - long term play here.
Haverion will I think be bigger than Telfer - and let's hope we can find some more - even baby Haverions or Telfers would do us fine.
Bamps and Paddy,
For reference, there is presence of disseminated and locally massive sulfides at Telfer. Lack of magnetic response due to low presence of magnetite. Only the biotite granites and mafic intrusions gave rise to magnetic highs in some susceptibility logs. There's been some magnetite enrichment, but not much.
There's plenty of sulfides at Telfer though. The reef structures are made of disseminated and locally massive zones of pyrite, which is not going to give a magnetic response. Magnetite and pyrrhotite are your two main contributors to magnetic highs. The Pascalle survey is simply saying that the AEM survey doesn't suggest massive sulfides near surface. The potential for locally massive sulfides and massive sulfides at depth are still possible. Disseminated and breccia sulfides are definitely still a possibility, and some IP surveys would help determine this. Also worth remembering that the responses are likely close to surface due to low cover, and likely that near surface responses are overwhelmingly stronger than any responses deeper below.
Hi Peter - the mineralisation was outcropping at Telfer, no cover so no need for any sort of survey.
Gosh Paddy, that must be going back many years in research to find that.
What made them explore there in the first place?
Just looked in, good news, dropped a penny since this morning high. Standard…..
Will check in again for Juri results start of October (hopefully) for more of the same ;)
I’m happy to wait for my little slice of history
GL
Don't know if its the shorter muppets but the MM's
defo know how to cause Marriage Mischief !! tell my wife every time
a good RNS comes out AM and then avoid her PM when I get asked that question !!
Agreed Bamps, there was no sulphides and no gravity or magnetic response at Telfer but guess what, they found plenty gold & copper there.
I like this about Tabletop 1
There is considerable size potential. Hence this anomaly is a quality exploration target. The depth of the sources of the responses may however be prohibitive, as a +1000 metre deep hole would be required to test this target.
Do you think that these shorter muppets think that if they hammer the price on good news, everyone will get bored and leave?
Hi Peter
I hope you are well.
The mineralisation could be found in other ore types rather than sulphides.
Far more survey work and modelling is required before any drill targets will be identified.
@Spy
M.A.N.I.PU.L.A.T.I.O.N
Hi Bamps
I don't understand what that means
Does it mean, no sulphides so no gold?
Pascalle HEM Survey
New Resolution Geophysics (NRG) has completed 925 line kilometres of XciteTM HEM and AMAG survey at 100m spacing over the entirety of the Pascalle tenement. This survey gives the highest resolution geophysical dataset so far recorded over Pascalle.
EM surveys, such as that run by NRG, are designed to detect highly concentrated massive-sulphide bodies down to a depth of approximately 400m whereas AMAG surveys are designed to identify local magnetic anomalies, potentially associated with hydrothermal fluid flow activity. Preliminary processing of initial HEM survey results shows no evidence of massive sulphide, meaning that if sulphides are present there is not enough connectivity between the grains to create a conductive body. The survey has recorded 14 subtle anomalies that could be related to bedrock conductors but could also be explained by local near surface conductivity variations.
Where magnetic targets occur without associated massive-sulphide, as indicted by the absence of EM anomalies, there remains potential for low-sulphidation mineralisation such as quartz-Au stringer- breccia style or disseminated sulphides. Potential follow on work using a ground-based, gradient array induced polarisation (GAIP) electrical geophysical technique, (which has the ability to identify disseminated sulphide mineralisation, such as that associated with Telfer, Winu, and Calibre style gold- copper-silver type mineral systems), may be undertaken.
Final review of enhanced AMAG and EM channel imagery is required to clarify magnetic targets associated with low level amplitude EM anomalism. Structural interpretation of magnetic data will be used to define prospect scale targets to plan and mobilise GAIP surveys prior to drilling.
What's with the afternoon MM disco. Seems a bit odd considering we have just expanded our portfolio.
Ddi anyone spot the Survey is only good down to 400m, Im sure Havieron is a tad deeper, is this what they are gambling on I wonder???
Melbourne beat me to it. Province Resources used to be SVD.AX they gave up on the project at their Pascalle area and went into Hydrogen shortly after, which then led to the rise in their share price. It tanked after the Pascalle results came out. They didn't even bother to drill if i remember rightly. Hoping there will be other areas of interest in the other licenses, but I wouldn't be surprised if this area between Hav and Telfer is purely strategic positioning.
Folks, Scandivanadium (SVD:ASX) released an announcement on the ASX dated 30th September 2020 setting out results of its HEM surveying of Pascalle. Can be found by searching ASX historical announcements for SVD now part of PRL. An interesting read. Great location for sure but prospectively for presence of massive sulphides … not so much. But with a bit of Callum’s magic who knows. Apologies if someone has already highlighted this announcement. GLA. MEL
Got to rise 9 times before i am clear on RMM = 188p. GGP cleared all my other mistakes which i include RMM in them. DM
There will be another deal with newcrest
Fantastic move by the company
They've got highly prospective land as it is. I think this falls just south of AZY/NCM Wilki project and is sandiwched between Telfer
Putting my long term thinking Cap on, once a strong cash flow is generated from Havieron in years to come, can you imagine the aggressive drilling program Greatland will be hitting the Paterson with. Gold producer with a potential for numerous new discoveries all within the same province.
I've said it before, you see these junior companies turned Multi Billion £/$ major players. I have no doubt in my mind, Greatland has years of growth ahead of it.
Super Cheap and de-risked.