Member Info for Bamps21

January 29th 2020
We were all sat here patiently waiting for the Warrentina results the sp was sat at 2.9p.
The last Firetower news came on the 21st january and pushed the sp a bit.
Warrentina landed on the 4th Feb our last news from any other licence outside the Paterson.
We had been told the focus would be on finding more Tier 1 assets on the Paterson.
That sensational presentation from SB was at the end of Feb and that was the start of the sensational rise, nothing to do with other assets now matter how good they are it's all about Havieron.
Stunning. It's only 11 months let things settle down

Ggp is all about long term assets, it is definitely not for short term thinkers and there are many on this BB. My last buy was around 34p and I'm not really concerned, I know in my own mind the assets are worth multiples of that price.
Just a few highlights of our assets:-

Havieron:-
A multi speed development of a mine with a joint venture with a global mining company.
Gold resources could range eventually to between 12-28m oz plus major copper resources and also major cobalt resources.

Juri jv:-
Paterson Range East:-
Multiple gold / copper targets 12 known at present including the giant Goliath target a 15bn+ tons target that's 30 times more tonnage than Havieron.
Blackhills:-
At least 6 targets including Saddlereef 1400m long gold target one end poking out of the ground suitable for open pit.
Also Parlay a bullseye feature on top of a main fault line.

Panorama:-
A very long Paleo-placer goldfield to the north
To the south a very large cobalt anomaly possibly the largest in Western Australia and possibly Australia.

Scallywag 100% owned:-
At least 12 known targets the majority of which are sat near fault lines.
Underexplored

Rudall :- 100% owned
Bullseye feature underexplored

Ernest Giles:- 100%
2 x 5m oz targets identified plus numerous 1m+ camps of gold deposits
Plus a large nickel target

Bromus 100%:-
A mainly nickel discovery underexplored

Warrentina 100%:-
A 10km north to south licence with 4 goldfields and existing mines.
1m+ gold ounces identified
Ready to be divested.

Firetower:- 100% owned
5 exploration zones
1m+ gold ounces identified
another 1m possible
plus zinc

When you look at all that short term investment is not what this share is about.
The long term prospects look really promising
Gold 12-28m Havieron
12m+ E.G
1m+ Warrentina
1m+ Firetower

Plus copper plus cobalt plus nickel plus zinc.

This is a big company in the making and I'm certainly going to enjoy the ride

Bamps

Had 101
Bit more detail
On Newcrest plan 101 can be seen starting in the SW going through the ore body and out the other side on the NE with drill intercepts drawn in light blue.
It's following a path along section 3 and ending on section 2.
Going to section 2 in the centre of the ore body you can see one intercept of 147.2m 1.1g/t and .18% cu, going further down to the right the ore body gets wider at this point and 3 light blue intercepts are highlighted 53.3m at 1.5g/t and .25% cu from 1593m and 2 more.
Looking at the plan again on the NE side you can see these 3 highlighted zones outside the orebody where this plan is taken at a higher level/slice

Newcrest sent their cores to the Intertek lab in Perth.
No wonder there was a huge backlog and it looks like this will continue for the next 6 months

Hi TomE
I kept away from the Board yesterday went up the Malverns for a walk , never seen so many people up there didn't feel safe on the narrow paths, too close.
I missed that live link last night.

I would have thought the brokers could issue new updates but not holding my breath.
ATB:))

Hi Droverman
"Hi Bamps, seems we need a bigger lock on the core store and later a thicker door if this continues. DM"

I recon they've taken 662 cubic metres out in cores, that's about 30 ounces in the core store and 30 ounces in the assay lab :))))))
ATB:))

Just done some rough calcs on the bottom section 1300-1600 true depth that's around 900-1200 ore body
I've calculated 5.2m in that zone at 1g/t average which would add 3.5m on my older calculations.
Depending on what average grade there is there could be now 15-16m oz

Hi Strudel
All the drills started with a mud rotary drill through the 420m of cover then reverted to diamond drilling through the ore.
The 500m at an angle would be all in the cover.
Something happened in the change over, hole collapse, drill stuck or something else.
Amazed they all hit mineralisation but at Havieron you shouldn't expect anything else
ATB:))

Great infill results confirming the Inferred results can expand.
I've been concentrating on 101, it's 1748m long at 67 degrees about 1550m true depth . It's been testing the extension to the SE.
From the cross sections this extension happens between 1300-1600m true depth and continues at depth and around the SE crescent up the eastern side to the North crescent. It's all outside the crescent..
The dimensions of this area between 1300-1600 scale 800m long x 500m wide and continues at depth.
101 in this zone is in the concreted breccias, the results show mostly gold the copper looks to be getting lower grades the further it goes.
My earlier assumptions of the Decline heading for 1200m depth of ore looks on course.

One other thing of note 97 returned no assay results but didn't get through the cover before being redrilled and called 97W2, looks like something happened

Havieron- there's only one Havieron

Vanadium is not the answer to climate change. 65% of global supply comes from China and Russia.
Most of the vanadium is found in the **** of the iron making process from the burning of coal with a vanadium content, it then goes into a roast leach furnace.

Copper is the stumbling block for future EV production besides the lack of cobalt.
China has a policy to convert all its cars to EV by 2030. That will take 2 huge copper mine discoveries every year till then just for China.
Globally only one Tier 1 copper mine has started production in the last 3 years and are becoming increasingly harder to find as they are deeper. The price is forecast to exceed its all time highs fairly soon.
Cobalt is normally found with copper but less than a sixth of its quantity, to get the UK carbon neutral by 2050 would take all of the global supply

Hi Hopefully
Magic said it's likely to be different a copper rich/au rather than Au/cu
ATB:))

Hi Speedy
They will never drill haphazardly.
Every drill position will be plotted ,sited and and angle calculated to hit the target they are aiming for.

The best diagram to look at vectoring is the last 2 or 3 slides on Magic's video.
The one shows the central ore body with rings or halo's moving away from it, inside each ring is the minerals that are found in each.
You can then compare these with the drill results and see which way the vector is pointing. At the moment we only have 3 results but will be interesting to see when the next 4 are released if any vector direction can be found.
ATB:))

This is what was planned for 001:-

The Kraken target comprises a combined magnetic and IP anomaly located near the nose of the Scallywag Syncline.

This is what they found:-
Hole KRD001 was drilled to a total depth of 748.5m and intersected basement Puntapunta Formation calc-silicate sediments including marbles and interbedded siltstones beneath the base of Permian at 195.4m, staying in Puntapunta to end of hole.

Anomalous pathfinders are reported over several intervals, including copper, silver, bismuth, tellurium and lead, with anomalous gold to 76ppb over 0.5m locally. The higher Au and Ag values around 220 to 224.5m are associated with discrete narrow steep south west dipping quartz-pyrite veins with silica-hematite alteration haloes. There is a distinct arsenic anomalous zone (>10ppm As, maximum 36.5 ppm As) hosted within calcite rich marble between 335-345m. In detail the As appears associated with disseminated sulphide hosted in thin siltstone beds between calcite rich marble bands."

Kra001 below the cover was in the Puntapunta formation to end of hole.
They have found arsenic associated with sulphides and a sharply dipping quartz-pyrite vein towards the SW, that is the direction of Blackbeard assuming under Bla001 drill .
There is no mention of Arsenic at Blackbeard but there is at Kraken.
If you look at that vectoring diagram arsenic and gold are closer to the ore body.
That is indicating to me the vector direction is Blackbeard to Kraken but I've nowhere near the expertise to say that's correct

Will be interesting to see what's at 003.
Kra003 has been drilled between Kraken and Blackbeard

This was the company's objective at Blackbeard:-
"The Blackbeard target comprises an IP anomaly located in the core of the Scallywag Syncline, around 1km southeast of the Kraken prospect. The Blackbeard IP anomaly could represent sulphide mineralisation at depth hosted in Wilki Formation siliciclastic sediments above the magnetic Wilki- Puntapunta Formation contact."

From Magic's presentation the W-P contact should be the magnetic target they were looking for underneath what they interpreted as a sulphide mineralised anomaly in the Wilki siliclastic sediment.

This is what they found:-

BLD001 was drilled to total depth of 593.85m and intersected basement Wilki Formation siliciclastic sandstone and siltstone sediments below base of Permian at 275.95m downhole.
No significant sulphides were reported from the drilling however anomalous pathfinders were located, in particular Bi and locally some Ag. Peak copper result in BLD001 was 1m @ 1,105ppm from 461m.
BLD001 did not intersect significant sulphide bearing material considered sufficient to generate the IP response."

They drilled the target they were looking for but it wasn't the IP response they were expecting, there is something else down there.

Hi Morningsun
You need to read back through my posts on drilling.
They did have the right kit in place to get through the cover sequence.
That kit was rotary drilling. 600m is a usual maximum for that type of drill. 700-800m at a stretch but the results are inconsistent.
Rotary drills struggle through rock, so they had to bring in DD. These drills give far more information on the geology.
You have to study drilling information to plan your next move, you just can't go drilling anywhere randomly it costs big sums.
This was the first exploration phase, it will be analysed thoroughly for the second phase to begin and budgets allocated.
Don't expect much from these other 4 drills they haven't gone deep
ATB:))

Hi Magic
From what you are saying and I'm going to have to listen to it again but there is a source causing the alteration.
This maybe 10km away or a few thousand metres down.
It's not going to be the source of Havieron as it looks like a copper/gold make up.

Ggp have stated they want to drill lower at London . It looks to me they're hinting it could be under London.
Wish they would hurry up and start drilling again, getting exciting :))))

Hi Magic
very impressed.
I hope the company will acknowledge you for what you are doing.
That answered my question on the high salinity in the Havieron aquifer below the box cut floor.
You will have to do one video for each target, no time for Phd :))
You need to charge a fee for your knowledge.
I need to watch it again with reference to Goliath as it has tin.
Bamps:))

On the Firetower licence there are 5 targets identified:-
Firetower target looks like bulls eye target very close to the surface with a high grade average of greater than 2g/t about 50m in diameter. There is a very easy to read cross section on the web site where they have shown metal contours , the purple colour is the 2g/t. below this is a brown contour rising from depths +100m from surface.
High grades of 31g/t found
Copper has been found to the west of this

Firetower East:-
Underexplored.
A couple of holes have picked up high grades of zinc and a small amount of gold.

Firetower West
Underexplored
Two drill holes have picked up copper and gold

Star of the West
Gregories Road
Both gold mineralisation
Little information otherwise on these 2

Even though they have limited information from a few holes they seem excited about what they have learnt.

"Zinc, gold and silver mineralisation has been intersected in the second drill hole at Firetower East
underscoring the potential for a Volcanic Hosted Massive Sulphide (“VHMS”) system with precious metal content in addition to base metals.
Encouraging results indicate the potential for a base metal Volcanic Hosted Massive Sulphide (“VHMS”) system
Significant results from the second hole at Firetower East (2019FTD016) include 31m at 2,581ppm Zn from 184m, including 3m at 8,745ppm Zn from 191m, and 1m at 2.1g/t Au from 224m."

I have to apologise for not informing you all of Nige's passing. His brother informed the Ggp board with a heart rendering message from his daughter.
I knew Nano was his favourite share he would be very pleased to see them as the top riser today.
Stay safe everyone

Hi troubles
I shall miss Nige a lot, always pleasant even with all his problems.
I noticed they have only just found out on the Nano board, I never thought to post about Nige there. He would be very pleased this morning that Nano are the top riser.

I'm glad you doing ok
Keep in touch
ATB:))