Member Info for mugpunter

Drill holes find gold mines. Wishbone drill holes and the great thing is they are finding gold.

I read Ed Mead's comments differently. These are broad spaced RC pre-collars. They were drilling these RC holes to make it easier for the diamond drill to drill to target dept. to hit gold as shallow as 45m in an area where 400m ish is their target is pretty darn encouraging. That hole ending 003 appears to be the most southern hole drilled at Wishbone and to drill 11m at 0.7 and bottom of hole be 4m @ 1.3 gpt and still in mineralisation is also darn encouraging. To say it's a game changer - I think it could well be. It's shallower than all the other gold drilled at Red Setter and wider and really good grade compared to Telfer. they also don't have the copper results back yet. The other good thing is it appears that Ed Mead is getting assay results much quicker than last year's drilling. eyeballs watching this Red Setter thing now.

The initial flow rates at Horse Hill were incredible but obstacles existed to fully assessing the true potential of the 500m thick oil-laden Kimmeridge limestones identified by some of the biggest independent oil consultancies in the world at the time. Only a few of the oil sequences in the Kimmeridge were tested in 2016 testing program. Time constraints limited the ability to test the Kimmeridge's ultimate flow potential and less than 20% of the Kimmeridge interval was tested back in 2016.

There are always objection in Western Australia when a company wants to convert the tenement into a mining lease. The aboriginals always object as standard so that they can get a heritage agreement in place. Once the heritage agreement is signed they remove their objection. The pastoralists also object regularly so that their access ways and fence lines etc are all protected. When all objections are dealt with then the Mines Department can process the tenements to grant. That’s the way things are in Western Australia. Use Google and there are hundreds of examples similar to Northern Zone.

Go figure!

Headed by Peel Hunt I see.

I see Riversgold closed up 20% on 80+ million shares. That's great for them.

The recent drilling doubled the strike length and it is now open in all directions now. Maybe Rincon might have drilled the deep hole in the wrong direction.

Maybe GGP think Rincon has better ground than Antipa.

Antipa probably scratch their hard hats wondering why GGP wanted to deal with Rincon and not them! I think Rincon playing this well. And to the toll processing of any discovery made in the Rincon ground is very positive.

I hear Antipa are difficult to deal with.

Rincon didn't include their Hasties gold copper deposit in the JV as they say they are going to drill that up much bigger. A new Mineral Resource Estimate due out early next year. The last drill grades and thicknesses they announced a few weeks ago look good. Hasties also comes to surface so could be very attractive for GGP. The grades at Rincon's Hasties look like they are better than Telfer's head grades at the moment, so I can imagine a production JV potential here. Hasties is only 10km from Telfer. But I see they have processing parameters already sorted between the two groups in the exploration JV announced today.

This is out of the blue and positive for the Telfer area. It's good to see that DL who is Chairman of Rincon on the ASX is in communication with GGP. The more holes drilled around Telfer the better. I see Rincon plans to drill up their Hasties deposit and make the Mineral Resource much bigger then that is probably set for a production deal with GGP.

Very positive RNS. This is better than i thought it would be.

Australian dollar gold price is now $6,755 an ounce.

And I recall WSBN has also been reporting Chalcopyrite in Theis diamond drilling to date.

Pyrite is a key component in Telfer gold and copper ore, where it hosts and is associated with the gold and copper mineralization. The Telfer ore is processed using methods like flotation, which targets gold-bearing copper concentrate, and a pyrite regrind circuit, which is specifically designed to recover gold from the pyrite itself. The relationship between pyrite and precious metals at Telfer is complex, with gold existing both within the pyrite structure and in fractures and other micro-veins alongside other minerals.

The role of pyrite in Telfer ore

Mineralization host: Gold and copper mineralization at Telfer is found in quartz-dolomite reefs and veins within metasedimentary rocks. Pyrite is a common mineral in these reefs and veins, serving as a host for the gold.

Complex gold association: Gold is not just locked inside the pyrite crystal structure; it is also found as small grains of gold and electrum in fractures and fissures within the pyrite, which is released during deformation and remobilization events.

Associated elements: Pyrite at Telfer also concentrates other elements like silver, bismuth, tellurium, and lead, which can also be recovered during processing.

Processing the ore

Flotation: The initial processing step is a dual-train concentrator that uses flotation to separate a gold-bearing copper concentrate.

Pyrite regrind circuit: After flotation, a separate pyrite regrind circuit is used to further process the pyrite concentrate. This is done to recover the gold that is "locked" inside the pyrite, a process described in a study published on ResearchGate.

Gravity concentration: The overall recovery process also includes gravity concentration, which captures free gold particles before or in conjunction with flotation and leaching steps.

I see L2 saying 1.1 bid 1.25 offer.

Good. Sell. I'll be one of the buyers. I can't understand why you own shares at all in WSBN and you sit here throwing mud.

This looks like it's a completely different rig with a lot more horsepower compared to the one they used back in the 2023 program. Core drilling know the ground well because they are drilling there at the moment. So, I'm sure they would be looking closely if they can actively use this massive rig to get what's needed.