This is just my understanding, I am not a professional adviser, please do your own research.
What is the gold deposit we found in lake Rebecca? Â Gneiss holding Archaean gold deposit.
There are few such kind of gold deposit in the world, but generally, they are high grade, high recovery rate.
Make a comparison, lake Rebecca gold is very similar to Tropicana gold deposit- a world class gold deposit(8 Moz).
They both are dominated by Archaean and Proterozoic aged granitic, volcanic and metamorphic rocks of the Yilgarn Craton.
They both are moderate to weak magnetic response.
They both are low gravity.
The small deferent are:
Tropicana is more flat, that is caused by the earth movement, Tropicana is remoted to the contact of
Yilgain Craton and Fraser Orogen.
Tropicana mineralisation is accompanied by up to 8% sulphides, we are up to 12%, so we have higher gold grade.
Tropicana sulphides is mainly Pyrite, we are Pyrrhotite, that maybe caused by the temperature of hot flow, higher in lake Rebecca.
That's why we may have higher Copper(Chalcopyrite) contains and Nickel nearby.
AOP Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
