Member Info for Punter64

The pictures in the latest presentation. One is of a core from Dupax and the other is 25m true width of core from Cacao. We are waiting for the results of both to be published. Both look highly promising.

Yep, and the inclusion of that picture in the presentation suggests that we can expect positive news anytime from Dupax. The core from Cacao, La India also looks great at 25m true width - we just need news on the grade. Can't wait.

The core in the picture is highly likely to be considered to be good by DB, otherwise it wouldn't have been put in the presentation.

You must have a very large holding now? Nearing a declaration?!

Well done and good luck.

Yes! La India drill results are shaping up to be excellent and if Dupax is a goer this will rocket IMO. Hopefully we may finally be rid of the consistent back ground seller (fingers firmly crossed!).

Hopefully those drill results from Dupax will be out very soon. They should be because MTL has its own lab to process them. Was that visible gold in the photos shown of the core in the latest presentation? If so, the results could be excellent.

Antroot, sorry my mistake I misremembered that. It was indeed zinc not tungsten.

For further info regarding the Cacao drill result. If, and it is a big if at this point, the grade matches the previous 4g/t intercept then that 25m true width would add circa 95,000 inferred ounces of gold. Not too shabby for one drill hole. I presume they are waiting for the lab to be up and running before doing the assays?

He mentioned that flotation tanks would be used in a repurposed Runrunno mine so that tungsten and copper(?) can be sold as well as gold.

I think I heard DB talking about it in an interview. Pretty sure he said that Dupax was previously mined for tungsten.

Tungsten at an all time high currently, which is probably the main by product at Dupax. https://projectblue.com/blue/opinion-pieces/1297/what%E2%80%99s-behind-the-surge-in-tungsten-prices

This drill hole is exciting. The best true width from past drilling at Cacao was the 2021 intercept: 25.93 m @ 3.94 g/t Au (True Width of 8.6 m). We now seem to have a true width of 25m which is three times wider! We don't know the grade yet but this will be great if it mirrors the previous 4g/t. Mark Child always that Cacao could be the boiling zone and it looks like he may have been correct. This could be a game changer!

The last bit should read 'the area may represent a large, underexplored epithermal vein field, not a single narrow structure'

1. What this means for GOLD POTENTIAL

✅ Moderate quartz (10–20%) with colloform/banded textures

These textures are classic markers of boiling-zone deposition in low-sulphidation epithermal systems — the zone where gold typically precipitates.

Even modest quartz volume can carry very good gold grades if the textures reflect repeated boiling events.

⚒️ QZCA breccia → stockwork

Breccias can trap gold in vuggy cavities and matrix infill.

Stockworks can host disseminated gold, raising total tonnage even if grade is moderate.

📏 True width of 25 m

A 25-m TW epithermal zone is significant — large enough to support a bulk-mineable open-pit resource, especially if grades exceed 0.8–1.0 g/t Au.

🔎 Gold takeaway

This kind of interval is highly prospective, especially if:

Veinlets are locally thicker,

Colloform bands show multiple mineralising pulses,

Carbonate + adularia alteration is intense.

---

🟣 2. What it implies about the EPITHERMAL ENVIRONMENT

The mineralogy and textures point to:

Low-sulphidation epithermal system (LSE)

Hallmarks include:

Quartz ± adularia ± carbonate

Colloform/banded silica

Brecciation sealed by quartz/carbonate

Stockwork veining

This matches perfectly with the Cacao–La India corridor, which is a large LSE system.

Boiling level

Colloform/banded silica indicates the hole is likely intercepting:

Near the boiling zone, or

A preserved paleo-boiling horizon

This is critical — gold deposition is maximised at or near the boiling horizon.

---

🔵 3. Comparison with prior CACAO / LA INDIA results

✔ Cacao historically:

The best 2021 Condor hole (CCDC033) hit 25.93 m @ 3.94 g/t Au (true width 8.6 m)

Other holes typically returned 0.5–4 g/t Au over widths of 5–10 m TW

✔ Your described interval:

"QZCA breccia → stockwork, 10–20% quartz, colloform/banded textures, TW 25 m"

This compares very well:

TW is significantly thicker than the typical historic intercepts.

The textures and style are exactly what was seen in the higher-grade zones of La India.

If assays for this interval follow historical patterns, expected gold could plausibly fall in the 1–3 g/t range, but with potential for higher-grade shoots (4–8 g/t+) in local vein cores.

📌 Implication

A 25-m TW epithermal breccia/stockwork zone with boiling textures is strongly suggestive of a major structural fluid pathway — often where ore shoots form.

---

🟢 4. Strategic interpretation for the project

This type of intercept often indicates:

The system is preserved (not eroded).

The hole may be hitting the up-plunge continuation of an ore shoot.

There may be multiple parallel veins or splays, increasing tonnage potential.

The width is compatible with open-pit development scenarios, not just underground.

At Cacao, this kind of intercept would support the hypothesis that Cacao is a large, underexplor

The presentation describes the core as 'moderate quartz (10–20%) with colloform/banded textures and a 25m true width. Here is what chatGPT interprets it to be:

'These textures are classic indicators of boiling-zone deposition in low-sulphidation epithermal systems — the horizon where gold typically precipitates. Even relatively modest quartz content can carry strong grades if it reflects multiple boiling events.

QZCA breccia → stockwork architecture

Breccias can trap gold in vuggy and matrix infill.

Stockworks increase vein density and can host disseminated mineralisation, enhancing bulk tonnage potential even at moderate grades.

25 m true width

A 25-metre TW epithermal zone is substantial and aligns with widths suitable for potential bulk-mineable open-pit scenarios, assuming grades exceed ~0.8–1.0 g/t Au.

Gold takeaway

This interval is highly prospective, particularly if:

Veinlets thicken locally,

Colloform bands show multiple depositional pulses,

Carbonate + adularia alteration is strong.

---

2. Epithermal Environment Interpretation

Mineralogy and textures indicate a low-sulphidation epithermal system (LSE), with features including:

Quartz ± adularia ± carbonate

Colloform/banded silica

Quartz-cemented breccia

Stockwork veining

This is fully consistent with the Cacao–La India district’s LSE framework.

Boiling level

Colloform and banded quartz suggest the hole intersected the paleo-boiling horizon or a zone very close to it — critical because gold deposition peaks at or near this level.

---

3. Comparison With Historic Cacao / La India Drilling

Historic Cacao highlights:

Best 2021 intercept: 25.93 m @ 3.94 g/t Au (TW 8.6 m).

Typical results: 0.5–4 g/t Au over 5–10 m TW.

Comparison with this interval:

The described 25-m TW breccia/stockwork zone:

Is substantially wider than most historic intercepts.

Shows textures identical to higher-grade zones elsewhere in La India.

Could reasonably be expected, based on analogues, to grade 1–3 g/t Au, with potential for 4–8+ g/t Au in any local high-grade shoots.

Implication

A thick, boiling-zone-hosted breccia/stockwork corridor strongly suggests a major structural fluid pathway — often the locus of ore-shoot development.

---

4. Strategic Significance for the Project

This type of intercept typically implies:

System preservation (not eroded).

Potential up-plunge extension of an ore shoot.

Possible multiple vein splays, increasing tonnage.

Width compatible with open-pit as well as underground potential.

At Cacao, this supports the interpretation that the area may represent a large, underexplored epithermal vein field, not a single narrow structure.

Great to read about a possible extension to the pit. Hopefully just the start of a steady stream of drill results.

Boooooooooooooooooom!!

Vermilion, thanks for that info. Great to read that they are already mining and storing ore from the La India vein. Those familiar with the Hummingbird story will know that They did very little of that when Kououssa mine was being built and for months they produced very little gold because much of the near surface stuff had been already been mined by artisinal miners and this was a very costly mistake leading to the demise of HUM.

Why us and not THX drifting down? THX up yesterday and today with the higher gold price. The fundamentals of around 80k oz pa and very low aisc are very similar but MTL is half way through building a much bigger mine whereas THX is still exploring to increase its similarly limited life of mine. This is why I think there is a big seller that is dragging us down.