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Domes on PL250/251/040 and about 40KM strike on PL39
Once again I agree with you DC. it’s just not one anomaly on conductive tests means that’s the only place to find copper. What I was trying to highlight is 2 things. How these surveys findings are robust to translate into actual drill results and our licenses are good enough as compared to best ones in the region. Once I stared reading about geophysics I started understanding what CB meant by news of Sandfire has gone over markets heads. Gla
I wouldn't get too caught up in just searching for the word Dome in RNS's and statements and translating that into only where it says a PL has a Dome is where we have a high chance of finding copper.....there are other clearer statements. See below from half year report.
"Galileo undertook a heliborne-EM geophysical surveying over several licences in its highly prospective Kalahari Copper Belt Project, specifically PL250/2018, PL251/2018, PL39/2018 and PL40/2018. Preliminary overview of the results is considered very promising, with the EM data interpreted to show several highly prospective geological settings for copper-silver mineralisation."
Hi 3CB,
I can't answer that. I was just clarifying that the dome mentioned by Padmaster was on the included licences.
Ella's, are you saying we have given away our best asset?
thankyou everybody for the answers :)
Hi Padmaster,
The dome feature mentioned in the Nov RNS is on licences PL250/PL251 which are in the included licences to be sold to Sandfire.
What do you guys with more experience think ot could push thw SP to if it mirrors what SF have already found
“............ electromagnetic anomalies, the most prospective of which displayed similar conductive dome geometry.”
The AIM-traded firm said it had now undertaken heliborne electromagnetic geophysical surveying over several licences in the “highly prospective” project.
It said a preliminary overview of the results was “very promising”, with the electromagnetic data interpreted to show several highly prospective geological settings for copper-silver mineralisation.
In particular, the data from PL250/2018 and PL251/2018, which were situated 30 kilometres west of Sandfire Resources' high-grade copper-silver A4 Dome Project, contained several electromagnetic anomalies, the most prospective of which displayed similar conductive dome geometry.
https://www.investments.halifax.co.uk/research-centre/news-centre/article/?id=7722638&type=bsm
question, have we anything that mentions a dome in writing ,or, just the "slip of colins tongue" on the podcast to go on?. because i can,t find anything .
From the same RNS you can see CB was hoping to find “dome feature” in those licenses and in last podcast he slipped “We have dome”.
G.L.A
Galileo has commenced the planned Helicopter-borne High Resolution Electromagnetic (EM) and Magnetic Survey over sections of PL40/2018 and PL39/2018 within its’ highly prospective Kalahari Copper Belt Project
The survey is being completed using NRG’s Xcite™ Airborne Electromagnetic (AEM) system
The Objective of the EM survey is to define the most prospective structural setting mineralisation within PL40/2018 and PL39/2018, as well as possibly directly detect any conductive mineralisation present. The juxtaposition of an isolated conductive anomaly and a dome feature in the EM data would represent a high priority target for drill testing.
As announced on 12th August, PL40/2018 and PL39/2018 are considered highly prospective because they are interpreted to have similar geological settings to Cupric Canyon Capital’s Zone 5 and Zone 5N deposits, situated only 25 kilometres due west (which are a subset of a combined sulphide resource of 502Mt @ 1.4% Copper (“Cu”) and 17g/t Silver (“Ag”), including 185Mt @ 2.0% Cu and 27g/t Ag)
The southern portion of PL40/2018 is considered particularly prospective as this area is located within a WNW-ESE trending zone that contains five copper-silver deposits previously discovered in the KCB, including Plutus, Zeta, NE Zeta, Zone 5 Nth and Zone 5
Again, as announced on 12th August, PL40/2018 and PL39/2018 also lie along strike of Sandfire Resources T3 and A4 copper-silver deposits, as well as Cupric’s Banana Zone and Eland Zone copper deposits, situated 140km to the southwest
NRG’s Xcite™ Airborne Electromagnetic (AEM) system is understood to have been instrumental in the discovery of Sandfire Resources’ (ASX:SFR) exciting, high-grade copper A4 Dome Prospect; where recent drilling has returned intercepts up to 18m at 5.2% Cu and 124g/t Ag from 77m down-hole