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Awesome reply Hydrogen - doing my job for me haha

Just found this article by Sprott on Gold mining equities and an outlook on current gold price. This may have been posted before so apologies if I have repeated any content already shared. The one point relevant to a couple discussions on this board centres on the AISC. This article states that the average AISC for an Oz of gold is $1000. That's about the estimate a few of us here calculate for our deposit, some estimate less. The point is it's not considered expensive. I've seen a few posts before downplaying the project due to its potential "high" costs. According to Sprott, a $1000 AISC is the norm

https://sprott.com/insights/a-very-fat-pitch/

Personally I think the shape of the crescent is because it is folded but that's my interpretation. Unfortunately there's zero information about the structure at depth. The other idea I had is there is a lithological control where the sulphides are being deposited in bands that follow particular layers.

The deeper horizon they've recently intersected of intense sulphide is very interesting. Suggests that we have potential for more than one sulphide horizon which is exciting

Well deserved Paddy, enjoy your break

Honestly I'm not sure but the more positive results like this the bigger the Moz number is gunna be. The first thing for me is whether or not its bigger than 2moz because after that threshold you are talking about at least a mid-tier discovery and is significant. I think we'll comfortably get that.

Next threshold that really defines if its world-class is if its over 6.5Moz. For some its 10moz but BHP have a presentation that says 6.5 so i'll go with that. Its looking increasingly likely we'll be hitting that and surpassing that. i don't have an exact figure but keeping these benchmarks in mind helps i think

No problem, I'm glad to help and happy you have watched the presentation. You are right that the breccias are hydrothermally related. In another post today, somebody copied something from the hotcopper board which said that these "breccia pipes" are similar to those observed in porphyry systems however we know Havieron isn't a porphyry. But the mechanisms by which those systems brecciate aren't exclusive and can apply here, especially since we have granites nearby.

Although i'm not a complete expert and I can't be 100% confident, the breccias are forming through the hydrothermal fluid s off the granites. I think the most likely mechanism is overpressuring. The host rocks at Havieron appear to have higher carbonate content, very suceptible to dissolution by acidic fluids. Combinethe two and we can produce a high amount of brecciation. As for the shape, are you talking about the sulphide zone?

Sorry to burst your theory but this is incorrect. This area is part of a mountain belt that uplifted between 650-550 million years ago with the emplacement of granites and the host rocks are a regressive sequence meaning that sea level had dropped and the sediments are now more continentally derived. Artemis resources have a good background geology section or you can watch my presentation about the area.
https://artemisresources.com.au/our-projects/major-projects/278-armada

https://m.youtube.com/watch?v=jFchxI2B7cg

Nice post, that poster ought to view my 2nd presentation as I talk a bit about pyrrhotite etc. Also a good attempt to interpret hole 5 drill core. The guy clearly has to some Geo knowledge

In leapfrog viewer you can do all the below. Ggp have just took a few images of a particular view to publish. If you had the leapfrog file you could view it at as many angles as you like

These results once again reinforce the strength of the Havieron project. These grades are superb; 134m @ 2.5g/t Au and 0.07% Cu in Hole HAD046W1 and in the upper 600m of hole HAD054W4, a whopping 182.1m @ 2.1 g/t Au and 0.4% Cu.

Unlike the previous hole Had066, these holes contain thicker zones of higher grades with 27.3m @ 10g/t in the HAD046W1 hole and 45.7m @ 6.5g/t Au and 0.7% Cu in the HAD056W4 hole. I'm not sure you can call that "grade smearing". In fact if you take a look at the larger table, you can see other high grade intercepts that are more than just a couple of metres. Furthermore we remain open to the NW, have expanded the footprint of mineralization and the breccia zone and have got further intercepts up to 1km depth. I'm running out of descriptive words to use for this. One last thing to point out is the "high grade zone associated with more intense sulphide development". Seeing that the sulphides are extended at depth is very encouraging and suggests the possiblity of more than one high grade mineralized zone. Absolutely fantastic news once again!

Magic

At the Havieron Project, additional drilling results since the Exploration Update on 11 June 2020 has expanded the
footprint of the mineralisation with the intersection of a new zone of breccia mineralisation in the north west.
more intense sulphide development.

And that's 15 big ones! Sitting here with a cuppa watching the bank balance tick over feels great haha

TMT - i 'm not sure tbh, but I tend to err on the side of caution anyway. The copper might be a nice by-product to take off some costs. But I might be right in thinking the metallurgy for Cu is different than for Au. So therefore may require a different approach which could cost. So not too sure haha

I'm hoping to hit 15p milestone. I wanna see a continuation of good results and preferably some grades in the NW. Plus a nice comment on progress at Scally as a bonus. Looking forward to it

Thanks :)

@trekmadone - good summary of the other gold miners. Shanta i have a small position in. I haven't analysed many other further. Solgold do indeed have a exciting Ecuadorian project but the region is a little sketchy. For more info, they have a presentation on YT for spotlight mining.

I agree p\e might not be the right ratio to use for us however the other assumptions are all reasonable imo. I think aisc will be higher than a few other mines because we will require underground methods so it won't be much less than 1k imo

Goldstone Resources aim to get production by the end of the year on their Homasse project in Ghana. It 's 12km along strike from the Obuasi mine. Currently 7p a share last time I checked. Dyor of course. Unfortunately don't have time to do anymore presentations :(

Could you email me the report?

Cheers TheLearner for that. As an addition i've done a quick search for proterozoic age porphyry deposits because all of the ones I know are much younger. Good news is there are some in Sweden but all in all they are quite rare. Even Cadia is considered fairly old in the grand scheme of things but its a bit of a beast

I'm not sure i'll end up reading the whole thing, I don't think i'll have the time. Also the majority isn't relevant as the report isn't focused on minerals. There are much shorter papers on the Rudall that might be worth reading instead haha. Specifically reading on the Tabletop terrane because that is closest to us. The relevance to the mineralization is in the latter pages or simply ctrl + F porphyry.