No core taken from EOH at ORTL9 apparently, just cased for DHEM but very good to know that the exercise happened with no problems. The DHEM here will not happen immediately. They will drill about four holes before calling in the lads to do the DHEM on them all (campaign basis)... which of course makes total sense... unless there is an unlimited budget, which there isn't. So activity around 1,2,3 can be shelved for a couple of months.
Next hole RHDD0023, the start of the serious stuff, around 4,5,6 is reported as in progress. By now it should have been completed or nearly so. The conductor it is testing is "strong". Something is making it conduct. What is it? Is it Nickel .. or a Nasty? They should know by now.
Then off to the conductor RH_C8, way out west. Very interesting to see what comes out of the ground on this one! Is it a Cat 1 conductor? One presumes so, or why bother with it.
Remember The Melbourne Cup! That demonstrates that long odds (like RH_C8) are no barrier to a win... plus a female jockey and we have Sarah!! So I am quietly VERY optimistic on this one.
From Joshua Wellisch :
"The nickel intersections and the geology recorded in the holes to date at Talc Lake have a very strong correleation to the discovery history of known deposits such as..."
"These deposits were all discovered over a period of time by following the disseminated and narrow nickel suphide leads within the core of the lava channel. Once the channel core is located, DHEM and clever (experienced?) geological interpretation will assist in the discovery of the bigger, potentially economic nickel sulphide deposits"
From The Australian , Sept 2nd, 2014.. reporter Paul Garvey
'Newexco’s role in the original Nova discovery is little known.
Neither Mr Amman nor Mr Black are trying to claim all the credit for the find, but rather make the point that exploration usually requires layers of technical contributions in order to succeed. Mr Amman had worked with Sirius Resources managing director Mark Bennett at Western Mining Corp, and it was he who pushed Sirius when it was down to its last few dollars to put its dwindling cash into drilling the Conductor 1 target that ultimately became the Nova DEPOSIT . "They didn’t have a lot of money in the bank at the time, they were sailing pretty close to the wind," he said.
"Among the anomalies identified was Conductor 1, which we insisted they drill." When the first drill hole into Conductor 1 produced rich nickel and copper mineralisation, Mr Amman was one of the first to hear, in a phone call from Mr Bennett. That initial discovery was the start of a run that would take Sirius from just another penny dreadful to one of the hottest stocks in Australia, with a MARKET cap of more than $1.5 billion.'
So which of our many conductors is MPJ's Conductor No 1? Just do not want them to also be down to their last dollar before they find it!!!
2. Narrow Neck.
It must be great being a geo and having such an array of conductor-targets to select from and this latest MPJ discovery-set just makes the whole scenario fascinating, and of course makes Roe Hills, MPJ's flagship, even more highly prospective. It is very exciting stuff I think.
Of course a cynic may say yeah more sulphidic shale etc... but it is claimed that not only are the conductors in favourable locations geologically but there is no evidence of nasties coincident with the priority 1 (Category 1?) conductors. Nothing presumably migrated to surface or in historic shallow drill holes either.
2.1 NN_C1 conductor (Narrow Neck)
Here is a puzzle. The footprint of this Cat 1 conductor is miniscule. It scales at a mere 80m x a few metres. You need a microscope to see it, and yet it is their priority drill target here!
The other two (unspecified) Cat 1 conductors must have very large red-rectangle footprints, but no... they choose this microscopic conductor.? Why??
Could the answer lie in the Link that pow4ade has kindly posted regarding Silver Swan.?
On page 5, one sees a vertical structure that indeed would also have a very small conductor footprint and yet.. WOW! The MLEM would no doubt have gone crazy, but in a very tight spot. You simple do not need a big red rectangle to hit it Big. The opposite could be the case sometimes... depending on structure.
So.... with all the above... does this suggest another Siver Swan style deposit here. Do you get deposits of shales etc occuring like this in small hot spots??? I suggest not but.... So what is it... ?
Page 18 - 19 of the above shows a CSIRO Geology Analysis of the Black Swan deposit by the Magmatic Ore Deposits Group. (Dr. Hill?) Could the innocuous and unexciting-named NN_C1 be the next Black Swan?
Note from Fig 4 on the last MPJ announcement that the Roe 2 conductor-based Hot Drilling Area is the corner of the rectangle at top LHS. A mere 1.5km from this Proposed Diamond Drill Hole at Narrow Neck.
Keeps getting better and better... but as Neil Hutchison said "Discoveries are not easy..."
Good Luck to all!! PP
MPJ Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held