George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
The other company to keep an eye on is Artemis. They have had pretty disappointing results on their northern boundary of the Havieron licence. My gut feeling is the source of the fluids for Havieron has come from the South East which has been completely neglected so far. In this respect, the Enterprise target of Antipa on a gravity high could be interesting but GGP still have the best ground.
Glad you picked up on Antipa as well GGPPthruandtrhu. The Minjari Dome has incredible potential and Antipa so under valued at the moment. Sean Day has said on a number of occasions that he wants to make Greatland into a major mining company and will buy into or do joint ventures with other companies in the Paterson region. Antipa is the obvious one but Paterson Resources with their Grace Prospect is also worth having a look at as well as their highly prospective exploration licences. Aussies will pick up on this once GGP lists on the ASX
Antipa- the Minjari dome. Near surface open-pit resource close to Telfer. Potential for deeper Havieron-like deposits. If Greatland had this on Scallywag ? !!! Do your own research but Greatland could buy into this for a JV.
Oj. Depends on the type of ore deposit. Havieron has mineralisation disseminated throughout the whole of the rock units so is amenable to bulk tonnage methods of mining like block caving. 1g Au/ tonne is easily economic especially with copper credits as well. Zones over tens of meters with 4- 6 g Au / tonne are considered high grade zones. If the deposit is a vein with say only a width of a few meters then high grade is 10 g Au/tonne plus and 1 g Au /tonne would be sub-economic. Morphology of the deposit is important and of course depth but Havieron at top of deposit is high grade.
Pearl is looking interesting. Swan is about 1km to east of Pearl. From April Scallway exploration update referring to Swan :
Significantly anomalous Au with Bi-Te-Sb pathfinder geochemistry intersected in SWD001 at the Swan target:
? 2.6m @ 0.19g/t Au from 35.4m AND 3m @ 0.19g/t Au from 430m in Swan hole SWD001, associated with broad zones of strongly anomalous Bi-Te-Sb pathfinders;Significantly anomalous Au with Bi-Te-Sb pathfinder geochemistry intersected in SWD001 at the Swan target:
? 2.6m @ 0.19g/t Au from 35.4m AND 3m @ 0.19g/t Au from 430m in Swan hole SWD001, associated with broad zones of strongly anomalous Bi-Te-Sb pathfinders;
Te is a distal pathfinder above the Eastern Breccia at Havieron. The dispersion of Te from an ore body is likely to have some lateral as well as vertical dispersion. Its possible that Pearl is the main ore body (breccia pipe?) in the northern Scallwag region from which the Te anomaly is coming from. Definetely worth drilling given its favourable geophysical characteristics.
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Nickel has been repoted in some of the deep holes in the estern breccia with SD saying the credits for Nickel are greater than for Copper. Nickel prices should stabilise or fall this year as the giant Norilsk mine in Russia comes back into full production.
A report from Stockhead has a red double ended arrow running in NNW through Havieron
https://stockhead.com.au/resources/gold-next-quarter-artemis-will-be-drilling-for-its-very-own-havieron/
This is from Feb 2020. A report in May which has since been removed has this linear feature being interpreted as an anticlinal fold axis. This anticlinal feature is controlling the trend of mineralisation towards Havieron northern targets and those of Artemis. Note Artemis targets have changed names e.g. Maquis is now Apollo
The increasing grades in the infill holes within the South East Crescent Zone and increased width and higher grades below the current resource indicate the South East Crescent Zone alone will have 10 million Oz Gold +. This equates to 50-60p per share alone. Must be over 10 million ounces in rest of the deposit easily, maybe just in the Eastern Breccia. What an amazing deposit. Probably best copper-gold deposit discovered since Olympic Dam 40 years ago.
I don't expect Nickel hydro but if there is a more mafic gabbroic intrusive associated with the havieron diorite then yes - its a possibility. Havieron has affinities with Skarn deposits where an intrusive has been emplaced into carbonate-rich sediments and hyrothermal fluids react with the carbonate. If the intrusive is a diorite, as at Havieron, then the Skarns are copper and gold-rich. If the intrusive is a granite, maybe fractioned from the diorite, then the Skarn will be Tin and Tungsten-rich. I would expect a range of different intrusive types to be found at Havieron but that is for the PhD student in Tasmania to find out or for Shaun to tell us.
No lunch or insider info. hydrogen but when you have worked for over 40 years in economic/ exploration geology you get a second sense of how things are going to develop - especially the little clues that Shaun is giving. My gut feeling it is a completely different breccia pipe with different ore mineralogy. Hopefully no Uranium and Thorium.
Just a hunch Paddy but the indication from Shaun about a different to the Eastern Breccia was a good clue. Is the geochemistry of host rock or the ore mineralogy different. I expect both and that this is a different breccia pipe nested up against Havieron. HAD0084 is the deepest hole so far and is into the Eastern Breccia. As you go deeper into an intrusive hydrothermal system expect higher concentrations of metals like Tin and Tungsten especially if the source rock is more granitic. If it is a separate breccia pipe it could be bigger than Havieron. Fingers crossed but very exciting
Looks like the Eastern Breccia is a separate discrete pipe which will have a different intrusive source for the mineralising fluids. The intrusive source for Havieron is a diorite so Cu-Au mineralisation. My hunch is that the Eastern Breccia "pipe" is sourced by a more granitic intrusive so expect to see metals like Tin, Tungsten, Molybdenum at depth as well as gold and copper
Tabletop 2 anomaly will be Greatlands first drill target. Similar geophysics to Havieron:
https://company-announcements.afr.com/asx/prl/6d9bcefb-82ea-11eb-b430-ea160e9f5b99.pdf
Nice to see some geology and location of alteration zones on Figure 1 of the pdf presentation
https://greatlandgold.com/wp-content/uploads/2021/09/20210909-GGP-Announcement-Havieron-Exploration-Update-jorc.pdf
Of most significance is the diorite intrusive outlines in light blue. Diorites are granitic rocks with low to intermediate silica content and are associated with gold rich copper deposits around the world especially porphyry copper deposits although this is not in this class of deposit. The diorite is almost certainly responsible for the bulleye magnetic anomaly, the source of the copper and gold and why Greatland are targeting such anomalies elsewhere in the Paterson. The diorite is not related to the dolerite dyke throughcross cutting the deposit which is post mineralisation