RE: North of Winu5 Oct 2025 21:06
Monty - "Do you have an idea off the costs associated with getting new licences and the ongoing costs. Are the expensive and hence the need to cherry pick?"
I'd hazard a guess and say cost doesn't lie behind the "cherry picking".
The three licences E45/6118, E45/6119 and E45/6120 have no known past drilling — they’re effectively untested ground. I can find no reported collars or WAMEX entries inside them
Our nearby tenements (Black Hills North E45/6134, Rudall E45/5533, Scallywag E45/4701, Black Hills E45/4512) have seen soil sampling, geophysics and drilling that found gold‑and‑copper indicators.
Those nearby results make the new E45s plausible targets — they don’t prove anything is under them, but they give clear reasons to explore there first.
Chilly (on Strickland E45/4807): reconnaissance RC with a best result of 37 m @ 0.21 g/t Au + 0.13% Cu from 136 m, including 1 m @ 6.1 g/t Au from 137 m — shows the corridor carries both Au and Cu at shallow to mid depths and is open along strike toward the E45/6118–6120 area.
Teague: drilling intersected sulphide veining and alteration — confirms structurally controlled mineralising systems in the same regional belt.
Rudall (E45/5533): deeper drilling has demonstrated the corridor can host significant, deep mineralisation and provides a structural/geophysical template that could project under neighbouring polygons.
Black Hills / Black Hills North / Scallywag: soil and drill work returned weak–moderate Au and Cu anomalism and mapped structural/alteration zones that continue to the boundaries of E45/6118–6120.
E45/6118 sits adjacent to Black Hills North and Rudall; structures and anomalies found on those tenements could reasonably continue into 6118 along the same trends.
E45/6119 lies where the Scallywag trend and Black Hills North trends converge; it’s a logical place for strike‑continuation targets.
E45/6120 borders Scallywag and Black Hills, so any mineralised zones stepping across those granted tenements could extend under 6120.
My sheets aren't quite up to date on these, but I'm sure someone will have up to date data.