RE: What the latest RNS means to the non-experts11 Aug 2025 14:23
There are actually a number of important pointers and clues in the RNS if you either understand the terminology or are prepared to research thoroughly to understand it. Rather than just looking for the words ‘gold discovery’ and assuming because those words are not there, that there is no gold. That is uneducated and amateurish.
In fact there ARE a number of significant clues that we are on the brink of discovering a significant gold-copper bearing system.
Those who are blind and cannot see……
DYOR - I have done mine amd am more confident than ever now.
The geology is proven✅
As a result - given the geological analysis suggested a significant gold copper system - this is now significantly derisked.✅
They are now able to home in accurately on the main target.✅
Terms below that strongly suggest gold and copper mineralisation is present✅
1. Sulphide mineralisation
2- Quartz Carbonate Veining - is a COMMON host for gold and sulphide minerals. It is important to note that sulphide bearing quartz carbonate veins (which it’s confirmed we have) are more likely to be ECONOMIC than clean white barren quartz veins.
3. Fracturing - the use of this term is very encouraging because in domes, crest areas and hinge zones are PRIME TARGETS because they fracture and open up under stress. What does this mean? It means it opens up large fluid pathways for our gold and other sulphide bearing minerals to flow through.
4. Note carefully and Keep in mind it is RARE to record visible gold EVEN in RICH ORE. I think the market may have expected this.
5. The presence of Chalcopyrite blebs indicates the rock was in contact with copper rich hydrothermal fluids - v positive.
If the blebs are accompanied by gold or pyrite ( we know they are accompanied by pyrite 100%) this can mean you are in a gold- copper bearing zone).
6. Changes in bedding of the host rock - this means there has been structural movement ie.folding, faulting etc These structural zones are important because they can create open spaces where hydrothermal fluids can move into predictable pathways which is EXACTLY what mineralising systems require.
The evidence is all there in the RNS if you can interpret it correctly.
They are strong clues if you can read them correctly.
They have not used the terms ‘highly encouraging’ and ‘very positive’ without VERY GOOD REASON.