ENR 1.49% 34.0¢ encounter resources limited

Ann: Quarterly Activities Report and Appendix 5B , page-14

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  1. 12,839 Posts.
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    re: Ann: Quarterly Activities Report and Appe... Just catching up on some homework, and finally got around to ENR.

    Some weeks ago I wrote:

    (Fluffy's) "reference to the schematic of Nifty shows zones of transported oxide ore (malachite / azurite) and most importantly a zone of oxide on the northern limb, lying directly in situ consistent with the stratigraphy hosting primary ore (i.e. it's not transported). It zones into transitional ore and then into primary at depth. A nice exploration model to follow. Any reference to intersects dominated by transitional ores like chalcocite, cuprite and native copper, then it will be game on."



    The quarterly provides an update and there we have it - confirmation of the exploration strategy I was alluding to - refer page 6 of the quarterly. A potential pathway to the holy grail, evident in text, the model, and with the pic of native copper at 113m in hole EPT 762. Some EM to map out the extent of the chalcocite / native copper, and then holes to hone in on the, at this stage, elusive primary mineralisation, with perhaps significant transitional and Cu enriched sulphides overlying to depth, a la Nifty.

    If they hadn't have hidden the news in the quarterly it wouldn't have taken me so long to uncover. Anyone know when these assays are due. Today's 30% jump might indicate very soon.

 
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