RE: UNIQUE ASSET6 Feb 2020 22:12
Exactly right rebs, palladium everywhere. There was also talk of them possibly revisiting other areas they've previously explored and know that there's palladium there, you will see a volchetundra mentioned here for example -
The average Pd:Pt ratio for Monchetundra is 2.36:1.
The average Pd:Pt ratio for Volchetundra is 2.93:1.
Monchetundra
To date, 16,121m of drilling have been completed on the licence
Volchetundra
To date, 12,192m of drilling have been completed on the Volchetundra Licence.
https://polaris.brighterir.com/public/eurasia_mining_plc/news/rns/story/x55ym2x
MT and monchegorsk geology -
https://www.researchgate.net/publication/252268728_The_Monchetundra_Basic_Massif_of_the_Kola_region_New_geological_and_isotope_geochronological_data
This amount of exploration funding years ago -
https://www.proactiveinvestors.co.uk/companies/news/226/eurasia-mining-revisited-0188.html
"To summarise, as per the information from the Russian Cadastre:
· there are potential resources within the existing Company licence and the flanks application of c.15M oz. This includes Eurasia's current state approved reserves and resources of c.1.9million ounces (see the Company's Resource Statement, announced 15 June 2017) and c.13Moz detailed in the Russian Cadastre;
· additional potential resources occurring within 5km of the Monchetundra Mining license and areas neighbouring the Company's deposits of c.4M oz; and
· additional potential resources within the wider Monchegorsk district in which the Monchetundra license is located of c.21M oz.
The potential for the area could be 40M oz of PGMs, but as stated above this data has not been independently verified by Eurasia and other than the area covered by the Company's existing licence the Company does not yet have any other licences in the area"
GLA