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Richard Poulden, Wishbone Gold's Chairman, commented: "These results are spectacular and vindicate our original belief that Cottesloe has significant potential. For it to occur in the south highlights the scale of what we have in front of us for the entirety of the project. To have mineralisation, and zonation of minerals, from surface to 700m is truly incredible and the confirmed large scale mineralised system is clearly great news. We may have a very large base and battery metals discovery in the making at Cottesloe and look forward to moving this project further along the exploration curve in 2024 as this year's exploration season is just about to commence."
Highlights:
#wsbn #rns
Spot the bullish statements.
I think this is a naughty RNS.
Shareholders can't even begin to pick this apart because:
1) I have no clue about widths
2) I have no clue in the exacts, it says from, up to, ranging from.
It lists all the bits it has found but provides no clarity or detail. The pictures say nothing really and I generally ignore them.
How much drilling?
How much returned?
What are the widths?
I want to also know how much money in the bank as this seems like a very bullishly written RNS which contained a lot of words without a lot of detail.
Or a marula =D 500% every year would be impressive haha
Poulden will over- egg everything if it looks remotely extractable. Some of Last drill results were sat on for a while so folk would go away and forget the company until he could come up with a strategy to find some shiny bits.
Least he has some now.
HH I know what you mean, some simple Googling shows for example a cut off of 5% for a viable Zinc mine. Where WSBN show 1%, so no where near. "These results are spectacular" seems a bit over exuberant but then he's probably lining up the next placing to keep him on the gravy train.
@ SSweeney ... Just the first four metals mentioned
Zinc - good grades around 10% ... low but economic around 3%
Lead - good grades around 10% ... low but economic around 2.5%
Silver - good grades measured in kg/t ... low but economic around 100g/t
Nickel - good grades around 2% ... low but economic around 1%
Obviously each project has to be judged on its own merits based upon depth, thickness, accessibility etc. but the above numbers are very rough ball park figures.
This will do an eee
Good results after good results
Back at 8-10 p this year
Hold
Good question, would be good to have analysis on how these grades compare. Seeing words such as spectacular, significant and incredible is a positive sign. GLA
Remember of the mining company which found nothing throughout their exploration time, were on the verge of giving up and had one drill hole final stab - and landed with a major discovery
Value of the company is 4 million ….ridiculous low
Folk here seem very excited by these results as does the market, but how many people here have compared these grades with the sort of cut-off grades typical of a profitable mine?
If you analyse down to a fine enough level of detail you can find just about anything just about anywhere... So how many of these drilling results would other explorers mention in an RNS?
I'm not saying that today's news is bad news, just that I'm surprised by how "good" others seem to be finding these results.
"The entire project consists of three tenements totalling 50 blocks covering an area of 165km2 and is considered highly prospective for precious and base metals".
"These results are spectacular and vindicate our original belief that Cottesloe has significant potential. For it to occur in the south highlights the scale of what we have in front of us for the entirety of the project. To have mineralisation, and zonation of minerals, from surface to 700m is truly incredible and the confirmed large scale mineralised system is clearly great news. We may have a very large base and battery metals discovery in the making at Cottesloe and look forward to moving this project further along the exploration curve in 2024 as this year's exploration season is just about to commence."
The big minng sharks will be circling
🤔 Micro placings, new one dreamt up.
GLA
Basin stratigraphy has been confirmed to be highly suitable for sediment hosted base metal mineralisation, similar to that at nearby Nifty (Cu) and Maroochydore (Cu-Co) and also the Mt Isa style (Zn-Pb-Ag) deposits.
Let’s go Green
Basin stratigraphy has been confirmed to be highly suitable for sediment hosted base metal mineralisation, similar to that at nearby Nifty (Cu) and Maroochydore (Cu-Co) and also the Mt Isa style (Zn-Pb-Ag) deposits.
Plenty of stale bulls to leave first beforehand
Will double in no time,
Massively undervalued, I’ll do very well here.
Government funded.
Lithium Cobalt Silver Titanium Nickel Barium Vanadium.
Won't be able to buy at this price for long
Mkt cap is way too low . Massive upside here
Zinc (Zn) grades ranging from 0.1% - 1.1% in hole 02A
o Lead (Pb) over 1% in hole 04A
o Silver (Ag) at 7g/t in hole 04A and 2.1g/t in each hole 03
o Nickel (Ni) 561ppm in hole 04A
o Cobalt (Co) 445ppm in hole 02A and over 118ppm in both holes 03 & 4A
o Lithium (Li) up to 184ppm in hole 04a and 161g/t in hole 03
o Titanium (Ti) grades from 4,100ppm - 5,100ppm in all 3 holes
o Barium (Ba) grades up to 2,288ppm in hole 02A
o Lanthanum (La) 178ppm in hole 02A and 79ppm in hole 03
o Vanadium (V) 395ppm in hole 02A, 451ppm in hole 03 and 514ppm in hole 04A
· High Potassium (K) 4.9% and Phosphorous (P) 0.4% throughout hole 04A
I have been invested in this share for years, every year it drops during their Summer (our winter) as everything closes down, it has never been this low while I have been invested - great RNS to start the drilling season
Excellent news. This will now be accelerated and looks extremely promising.
GLA