RE: Potential Mkt Cap27 May 2021 08:26
GGPs Havieron is 450 x 350 x 600 = 94,500,000
WSBNs is 57kms away and red setter target A is 1500 x 400 x 150 = 90,000,000
1500 x 400 x 300 = 180,000,000
The highest priority magnetic bodies within Red Setter (Referred to as Targets A, B and C in Figure 1) cover an expanded area of 3.5 km in strike length and 1 km in width. The highest order Target A occurs over a strike length of 1500m with a width of 400m and occurs within 50-75m of surface. Results of this modelling shows several north plunging magnetic bodies within this anomaly of equivalent susceptibility (possibly pyrrhotite alteration) to that evident at both Newcrest Mining and Greatland Gold's Havieron and RioTinto's Winu discoveries.
13kms away from the largest gold/copper mine in Australia - Newcrest owned who we share our boarder with - "Our geologists, Terra Search, have excellent relations in the area having worked for both Newcrest and Geatland Gold. Accordingly, the exploration will be based out of the Terra Search camp at Newcrest's Telfer mine some 13km from Red Setter."
Havieron 30% GGP ( 800mil Mcap) 70% Newcrest
Red setter currently 100% WSBNs (30mil Mcap)
While currently 100% owned - success at red setter will be valued in the billions and identify a similar sized target to Havieron - and while working out of Newcrests mine - will leed to a JV with them as did GGP. Drilling to commence shortly.
+
https://www.lse.co.uk/rns/WSBN/dr-simon-beams-to-present-wishbones-halo-project-ps42f7ytk19as5a.html
Cottesloe Project Highlights:
• Rock chip geochemical sampling results reported up to 298g/t Ag
• Multiple significant drilling results including:
o SCR225: 5m at 102g/t Ag from 14m
§ Including: 2m at 165g/t Ag
o SCR247: 2m at 73g/t Ag & 4.6% Pb from 8m
o EWP-2: 22m at 42.7g/t Ag from 8m
§ Including 8m at 72.13g/t Ag from 22m
o EWP-3: 18m at 29.3g/t Ag from 6m
o EWP-7: 20m at 35.9g/t Ag from 2m
§ Including 2m at 100g/t Ag from 8m & 4m at 69g/t Ag from 16m
o EWP-11: 4m at 41.25g/t Ag from 14m & 10m at 41.6 g/t Ag from 24m
o EWP-12: 8m at 58.37g/t Ag from 20m
o EWP-24: 8m at 54.87g/t Ag from 40m
• Mineralisation trends interpreted to be over a 12km strike
Cottesloe has a 12kms strike of above avarage silver grades while the two closest mines are purely copper - I'm looking forward to both Paterson range assets being advanced in tandem - while the halo project is run by Terra search.