Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
I thought it was me but seems every RNS raises more questions than it answers. Hope someone can explain what is going on with regard to them casually dropping the information that the bottom of the conductor is now believed to be at 370m, whereas the gabbro goes on to a depth of 560m. Wasn't the idea that we are searching for conductors at the bottom of the gabbros because the heavy massive sulphides are heavy hence gravitate to the bottom? In the stockbox interview of July21st Ben mentions that this first hole would go through 70m of sand and then 250-300m of sediments before reaching the gabbro. So in the new interpretation the conductor (with bottom at 370m) is in the sediments or at the top of the gabbros. How could this possibly fit into the hypothesis? How can a heavy massive sulphide melt rise to the top of the gabbro (magma chamber) or even into the above sediments??
And another thing, the hole had to be cased until 393m. I would assume that is where the gabbros start because I would think the gabbros are hard solid rocks that don't need casing. I reckon it is the sediments that need casing. Does that mean in the new interpretation the conductor is indeed in the sediments?
And how can they say target depth of the hole currently drilled is at 400-450m whereas in the August 16 RNS they mention the depth of the keel up there is 800m???
I hope someone can explain.
"It's a credit to the drillers that Spectral got the EM probe from 394m depth to 560m, but the steel casing from surface to 393m meant readings could not be taken below this depth. We now believe the primary A2 Conductor is at 370m.
Could it be a typo where it says "below this depth" should be "above this depth"?
Ground EM may not be very reliable as to the exact location for massive sulphides. Down under a company called Aldoro intersected massive sulphides after having done a range of (ground) EM surveys. Even though their targets are shallow and compared to KSZ rather small, they concluded that downhole EM is probably the way going forward after they intersected the target 38m lower than predicted by ground EM
"The VC1 EM target was expected to be intersected by NDD0001 between 175m and 190m downhole depth. Although a zone of veined and blebby nickel-copper sulphides was intersected from 195.9m downhole, the main zone of semi-massive and massive sulphide was intersected from approximately 212.7m downhole. This suggests there is more complexity to the mineralisation than the surface EM could resolve. The resolution should be significantly improved by a downhole EM survey program scheduled for early next week. Follow-up drilling will now be primarily driven by off-hole vectoring using downhole EM surveying"
https://wcsecure.weblink.com.au/clients/aldororesources/headline.aspx?headlineid=61044554
I think Ben mentioned in the interview that the second hole would be straight into the interpreted feeder structure for this anomaly. Your theory would actually make sense also because the heavy massive sulphide would gravitate to the lowest point.
I don't agree, if we strike big our market cap will be in the hundreds of million and financing will be easy and very cheap. KAV have established serious exploration teams in Botswana - the majors we talk about don't have that. So what do they have to offer other than money? Doing a jv early means no bidding war - read the voiseys bay story
Stockbox interview lined up for (early) next week it seems
https://mobile.twitter.com/MarkEJFairbairn/status/1425415327698100224
I think it is simply the result of Ben recently becoming CEO and Hillary recently becoming part of the BoD. Ben was previously awarded options but that was before his promotion. Not saying I am happy but at least the exercise price make his interests aligned with ours. I don't think there is any link with whatever the drill shows or does not show
I think a lot of people don't understand what proof of concept means in KAV's case. It means ultimate proof that the system is fertile for massive sulphides and with our 7,500 sq km that means we probably have tens or even hundreds targets like A2/C1/B1 waiting to be investigated. This is not a small discrete 100kOz gold target we are looking for. Thousands if not millions of cubic Kilometres (!!!) of lava passed through this system (MM's words). This is district scale in its purest form and believe me majors want a part of that.
Sirius resources' Nova deposit was found based on a 5,144 siemens EM conductor
https://hotcopper.com.au/threads/ann-strong-em-conductor-beneath-copper-nickel-an.1713814/
3 months later Sirius announced discovery of Nova
https://hotcopper.com.au/threads/ann-major-nickel-copper-discovery-defines-new-pr.1783651/
Fingers crossed
Maybe result this week of B2 tdem that is still pending. Its modeling is taking time which tells me something is there. Also details of b1 modeling are still to be communicated. Curious to learn if it lays in the bottom of a keel
Nickel sulphide is hot. Worlds biggest miner makes offer for nickel sulphide deposit
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1040-tsx-venture/not/103854-bhp-makes-recommended-all-cash-offer-of-c-0-55-per-share-for-noront.html