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Those high grade intersections seem to indicate that they are homing in on the source. Another huge porphyry (1km strike and open) with even higher Cu grades than Racecourse and gold to boot (that could even be a separate system?). The Bushranger project is sitting on a beast of a discovery.
Can't wait for the resource estimates, results of the modelling and the 'for sale' sign to officially go up... there is light appearing at the end of the tunnel.
Great RNS - what is wrong with the market - everyone is asleep
Really need to top up big style as this becomes more and more a no brainier
GLA
One of these coming days Xtract is going to burst into action. The breaks will come off and this i hope will be like a gold rush. All too late for the watchers. Current price is easily supported without Bushranger. Let the watchers watch and the opportunists fill their boots at every opportunity. D day is coming soon. That i do know.
Equally.... I cant wait for the resource update. I hope it is indeed imminent now.
I hope that this RNS is just a taster.
That really is a significant long zone of mineralisation.
Hole 55 looks as though it fell short of a couple hundred metres as completed at 721m so was unable to test the full target interval below 35.
On the plus side
>>>The intersection in hole BRDD-22-051 of 18m @ 1.8% CuEq from 432m (Zone 3) occurred 170m up dip of the intersection of 64m @ 0.58% CuEq in drill hole BRDD-21-035 suggesting that high grade copper mineralisation does extend closer to surface and potentially within depths which would be amenable to open pit extraction.
As we know RC and Ascot are being looked at as separate entities, this is very significant for Ascot future viability to be mined in the Aussie sunshine alongside RC
>>>Xtract is now incorporating all the geological and geochemical data from the Ascot prospect into a geological model which will be used to estimate a maiden Mineral Resource (JORC 2012) for the Ascot prospect. In tandem with this, a revised resource estimate is in preparation for the Racecourse deposit. This will then be used as the basis for an updated conceptual open pit mining study.<<<
As above, no doubt they are preparing both RC/Ascot models concurrently, the “in tandem”may also suggest both models will maybe, be released at the same time. Then potentially conceptual study to follow on after.
As the decision to mine will now be the option favoured to trigger the AA option, ‘with’ the conceptual study being integral for this. How do folk see this unfolding?
A/ Resource statements released- pit study then released - AA invited to the party
B/ AA approached first once the resource and pit study is complete- then inform market of intent and/or release of resource and pit study after.
Or any other which way?
To me the first right of refusal may offer exclusivity to AA in having access to data prior to market. The uniqueness of the agreement in place has caused so many unknowns and or uncertainties and I think still does. Be interested to know how others think this will unfold.
If they have enough data for a maiden Mineral Resource (JORC 2012) for the Ascot prospect (which is completely open and only going to keep getting bigger), then we may go over the 2mt of contained Cu Eq target when added to the new Racecourse JORC.
Altogether, a very attractive prospect for any major. Especially so with Footrot now smelling like gold and the additional lure of three neighbouring licences, all exploration virgins, just begging to be drilled by a big boy. Come on... take us.
Persistent 250K seller is still about ...
Annoying !
In the round, Bushranger remains a very exciting prospect, clearly.
And Africa Gold revenue prospects are very exciting here too, clearly.
And most clearly of all; whatever the bear market, this s/p is too low in 3's p.
A share price re rate imminent, especially by the Bird Gem Dictionary definition of the word imminent, I'd hope..
IMHO &DYOR