Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
We now employ some of the geologists who worked on Havieron and we have modelled and analyzed Red Setter which we will be drilling later this year. The modelling of the original government data looked promising but the acquisition of new 3D inversion ultra-detailed magnetics in February 2021 delineated 3 highly magnetic bodies over an expanded area covering 3km x 1km. The largest individual priority one magnetic target has a 1500m strike length with a width of 400m and starts at around 75m from surface. In addition, this survey revealed that all the magnetic targets are much shallower than 150m-250m depth previously modelled. The relatively shallower target depth is strongly advantageous both from an exploration and future development potential perspective.
In the RNS which we issued at the time there was this comment from Simon Beams, the Managing Director and Principal Geologist of Terra Search: "The detailed magnetic survey substantially expands and enhances Red Setter. There are some very promising indications of a large hydrothermal system, with similarities to the new Havieron gold/copper discovery in the area. The previous drilling on the main 1.5km long target intersected similar alteration, and the right pathfinder metal indicators, peripheral to the main target. We now have multiple untested high-order magnetic targets across the entire prospect."
For sheer exploration sex appeal, it is hard to conceive of a better area to be in than the Paterson Ranges in the Pilbara. But to get a feel for why this whole area is one of the hottest exploration areas in the world you need to know the Havieron story. Greatland acquired Havieron towards the end of 2016 for A$250,000 and some contingent payments if they mine it. Havieron had been drilled previously and abandoned but Greatland's geologists believed that the drilling had simply not gone deep enough. Accordingly, they copied an existing hole and simply drilled deeper. They were right: BANG! Through the Permian cover, at a depth of about 1km and there it was: massive mineralization which drove Greatland to over 拢1bil market cap.
Highlights:
路 Two main targets have been highlighted, with both showing very strong magnetic responses, which are being interpreted as magnetite alteration - an important feature associated with many porphyry copper deposits.
路 The targets commence approximately 500 m below surface.
路 The larger target is 1.5 km long, 700 m wide and occurs between 400 m and 1.3 km deep and remains open beyond that depth.
路 The smaller target is 900 m long, 250 m wide and occurs between 600 m and at least 1 km deep.
路 Historical diamond drilling from 1972, directly above the targets, intersected typical porphyry grades including 88 m @ 0.23% Cu and 75 m @ 0.13% Cu, with most holes ending in copper mineralisation. Peak values from core sampling were 3.77% Cu and 1.8 g/t Au.
路 Alteration identified in core is primarily sericite/pyrite (+/- silica) phyllic alteration, suggesting that the current surface is at the upper-mid levels of a copper/gold porphyry system.
路 Sulphides in core range from 3-15% pyrite, with associated chalcopyrite. Fluids are recorded in geological logs as being focussed within porphyritic intrusions and breccias.
路 Rockfire is preparing for drilling initially at the Copperhead porphyry copper project and intends to drill these new magnetic anomalies at Copper Dome also during this field season.
An image showing the two strongly magnetic features at Copper Dome and historical drilling can be viewed by following the link provided. http://www.rns-pdf.londonstockexchange.com/rns/0421Z_1-2021-5-18.pdf
6th may "A reverse circulation drilling rig is available in Charters Towers and the Company plans to mobilise as quickly as possible to commence drilling at Copper Dome. Our Exploration Manager is on site preparing the site for drilling and we anticipate a start within the next few weeks. The market will be updated on our drilling progress."
Easy money at the current Mcap - fully funded to drill at copperhead and then move straight to copperdome ( the above picture ) larger dimensions than GGPs Havieron and similarly missed the first time not drilling deep enough and still hit good copper grades with majority of holes ending in copper ( while approaching the copper bodies )
Havieron 450 x 650 x 750
Copper dome target A 1500 x 700 x 900
Copperhead 5km x 3km
https:// t.me /joinchat / bM-XMjkBdxFjMTNk
Hi all, long term holder of GGP since Havieron didn't drill deep enough - sharing as I'm sure clued up holders of GGP will see the parallel http://www.rns-pdf.londonstockexchange.com/rns/0421Z_1-2021-5-18.pdf very similar story at rocks copper targets currently - even while not drilling deep enough still brought back 0.23% copper with all holes ending in copper, then the magnetic survey confirmed and found copper targets larger than Havieron.
Pog effecting us here temporarily here but all signs lead to pog rising year on year going forward - have been buying anything I can sub 19p
Certainly in the strongest position in rocks history
Either copper campaign can see us smashing all time highs
Highlights:
路 Two main targets have been highlighted, with both showing very strong magnetic responses, which are being interpreted as magnetite alteration - an important feature associated with many porphyry copper deposits.
路 The targets commence approximately 500 m below surface.
路 The larger target is 1.5 km long, 700 m wide and occurs between 400 m and 1.3 km deep and remains open beyond that depth.
路 The smaller target is 900 m long, 250 m wide and occurs between 600 m and at least 1 km deep.
路 Historical diamond drilling from 1972, directly above the targets, intersected typical porphyry grades including 88 m @ 0.23% Cu and 75 m @ 0.13% Cu, with most holes ending in copper mineralisation. Peak values from core sampling were 3.77% Cu and 1.8 g/t Au.
Compare the mag body's at copper dome to Havieron and you will see the credibility of midasmac GGP comparison
Also look at the mag image, the previous drilling missed the targets and still brought back good copper grades with all holes ending in copper - copperhead potentially even bigger
ROCK has exponential potiencial while at the bottom floor + the gold assets
Highlights:
路 A recent geophysical magnetic survey has resulted in high resolution images, with the magnetic data offering a detailed insight into the geology and structure beneath the dome, which had previously not been possible at Copper Dome.
路 The revised target, based on the new aeromagnetic signature, has increased significantly in area from 1 km x 2 km to a much larger area of 4 km x 3.5 km.
路 At least three separate intrusions are evident. With one intrusion having been historically drilled and copper found, this adds significant potential for the discovery of copper and gold associated with the additional two intrusions.
路 Previous drilling had focussed on only one of the three intrusions. Shallow, historical drilling results include 15 m @ 0.9 % Cu, 12 m @ 0.6 % Cu and 24 m @ 0.3 % Cu. Only sporadic gold analysis was done, with a peak gold value of 1.86 g/t Au in drilling.
Look at the size of copper domes two targets. Previous drilling hit 0.23% while missing the giant targets - commercial copper grades from either target will see multiples on the current 8mil Mcap
Drill rig currently at copper head with a even larger target - fully funded for both campaigns
https://www.lse.co.uk/rns/ROCK/magnetics-doubles-copper-target-at-copperhead-4trms3azztd61my.html
Rockfire Resources plc
("Rockfire" or the "Company")Magnetics doubles copper target at Copperhead
Rockfire Resources plc (LON: ROCK), the gold and base metal exploration company, is pleased to announce that the Company's recent helicopter geophysical survey has doubled the footprint of potential copper mineralisation at its 100%-owned Copperhead porphyry project in North Queensland, Australia ("Copperhead").
Highlights:
路 A helicopter magnetic survey completed in December 2020 has doubled the copper target area at Copperhead.
路 The copper target is now defined by a minimum area of 5 km east-west x 3 km north-south.
路 Faults and fractures are clearly defined and correlate well with known copper mineralisation already discovered in streams, soils, and drilling completed by Carpentaria Exploration in 1972.
路 The drilling in 1972 tested an area less than 0.6% of the expanded target area.
路 The Copperhead target remains open in all directions.
https://www.lse.co.uk/rns/ROCK/3d-processing-pinpoints-drilling-targets-wu7r4o3yg64keji.html
Rockfire Resources plc (LON: ROCK), the gold and base metal exploration company, is pleased to announce results from 3D processing of helicopter magnetic data at the Company's 100%-owned Copper Dome porphyry project ("Copper Dome") in North Queensland, Australia. The original survey was flown in April 2021 and the newly processed data highlights strongly magnetic drilling targets at depth.
Highlights:
路 Two main targets have been highlighted, with both showing very strong magnetic responses, which are being interpreted as magnetite alteration - an important feature associated with many porphyry copper deposits.
路 The targets commence approximately 500 m below surface.
路 The larger target is 1.5 km long, 700 m wide and occurs between 400 m and 1.3 km deep and remains open beyond that depth.
路 The smaller target is 900 m long, 250 m wide and occurs between 600 m and at least 1 km deep.
路 Historical diamond drilling from 1972, directly above the targets, intersected typical porphyry grades including 88 m @ 0.23% Cu and 75 m @ 0.13% Cu, with most holes ending in copper mineralisation. Peak values from core sampling were 3.77% Cu and 1.8 g/t Au.
路 Alteration identified in core is primarily sericite/pyrite (+/- silica) phyllic alteration, suggesting that the current surface is at the upper-mid levels of a copper/gold porphyry system.
路 Sulphides in core range from 3-15% pyrite, with associated chalcopyrite. Fluids are recorded in geological logs as being focussed within porphyritic intrusions and breccias.
路 Rockfire is preparing for drilling initially at the Copperhead porphyry copper project and intends to drill these new magnetic anomalies at Copper Dome also during this field season.
An image showing the
5 weeks and 4 days on the ground at red setter - the countdown to red setter drilling campaign starting any day now
Rockfire Resources plc (LON: ROCK), the gold and base metal exploration company, is pleased to announce that the Company's recent helicopter geophysical survey has doubled the footprint of potential copper mineralisation at its 100%-owned Copperhead porphyry project in North Queensland, Australia ("Copperhead").
Highlights:
路 A helicopter magnetic survey completed in December 2020 has doubled the copper target area at Copperhead.
路 The copper target is now defined by a minimum area of 5 km east-west x 3 km north-south.
路 Faults and fractures are clearly defined and correlate well with known copper mineralisation already discovered in streams, soils, and drilling completed by Carpentaria Exploration in 1972.
路 The drilling in 1972 tested an area less than 0.6% of the expanded target area.
路 The Copperhead target remains open in all directions.
Gold assets the furthest they been developed in rockfires history as we approach drill campaigns at 3 giant copper targets. Screaming buy
Ground analysis will commence forthwith in order to refine the locations of first drill targets. We anticipate being able to announce the commencement of drilling shortly.
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.
Richard Poulden, Wishbone Gold's Chairman, commented, "It is incredibly exciting to be finally moving onto the ground at Red Setter. We will keep the market updated as we go. This premium priced placing, also announced today will ensure that the Company is well funded to achieve its exploration objectives in Australia through 2021."
We've already been on the ground at red setter for 5 weeks and 1 day defining exact drilling locations
Good morning all - ath of 20.5 hit on POW ( permit of works ) on both Paterson range assets + halo and white mountains - fully funded with around 5 milcash as we await concurrent drill campaigns at cottesloe and red setter - is the price going to be lower when drills touch the ground? 25% pullback will be recouped and aths broken when we start drilling - Cotteosloe already with great grades and red setter potiencially another Havieron ( Havieron soon to be 25% GGP 75% Newcastle, while red setter and cottesloe 100% owned ) as we work out of Newcrests telfer mine
25mil Mcap - commercial grades at either will be valued in the Billions while Telfer needs ore - 5 weeks and 1 day on the ground at red setter, not long now untill drilling starts + Cotteosloe already has great grades, we're just expanding on the 12km asset
Have a lovely day everyone
Undervalued under the radar stock - I'm holding and gonna keep loading - success at any of the copper assets will be worth in the hundreds of millions, each are giant copper targets and copper dome brought back good grades without even hitting the target. Dyor, look at the latest investor presentation - 8mil Mcap for the amount of well developed assets Rock has is laughable and easy money buying now
https://twitter.com/WishboneGoldplc/status/1407998980617916422
5 weeks today on the ground at red setter defining exact drill locations. Drilling campaign to commence very soon
Any idea how much a plant like that will cost? Obviously paid for by jubilee - I expect however much it costs for our Mcap to be significantly higher when the time comes
https://www.**********.co.uk/articles/john-meyer-on-zinnwald-lithium-kodal-minerals-empire-metals-2f15088/ 11:11
Absolutely - two giant copper targets at copper dome + copper head all to be drilled shortly + all gold assets - sub 8mil Mcap - success at any of the above should see us 20mil Mcap+ and it's surprising rock is valued so cheap with the current pf of assets