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Adamstown

115 Posts.

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25/02/19

20:12

Post #: 37562467
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Originally posted by readyaimfire ↑

Originally posted by w27
Originallypostedbymanfromgwelo
Yes,DCstatesthattheDomeis"highlyprospectiveforCesium"andhewillhavethekeysurfacevectors(asurfacechemistry/radiometryfingerprint)fromtheSinclairMineareatoguidehimtothenextpollucitedepositsintheCat5areasofthislongpegmatitecorridor. FindingaTANCO-sizeddepositofpollucite,orseveralsmallerdeposits,wouldmakePIOtheworld's#1sourceofcesium-justintimetosupporttheproductionandlaunchofcesiumperovskitesolarpanels.
This is part of an interview with Quentin Henagh of Novo Resources which discusses our JV at Egina. novo seem pretty impresse dwith the ground. We amy get some action there while all PIO resources are fully engaged elsewhere - and at no cost to us.

We also have some very interesting new ground at Egina that we've recently assembled. At Egina the conglomerates have weathered away over time. They used to cover a significant portion in the Pilbara. But as they have weathered away and receded back, they've left the gold that was in them behind across a terrace, or flat country through here in the Pilbara. If one drives across this country, it is absolutely flat as a pancake, very similar to West Texas.
If one were to look in either direction, it's like a pool table. But the flat surface throughout this region has what is called a lag gravel horizon on it. The lag gravel horizon is about one to two meters thick. Novo was able to demonstrate last year through our trial bulk sampling at Egina that it contains gold and it's fairly coarse-grain gold; we recovered something like 108 grams of gold out of a hundred cubic meters of bulk sample that we collected.
That's pretty remarkable! A lot of alluvial deposits are less than 0.3 grams, and the grades we're seeing at Egina are very enticing. Our hypothesis is that this terrace, of which we own about 400 sq km, could be a sizeable gold project in its own right.
Egina is basically another very large target we have. It is earlier stage, but the nice thing about Egina is that it's soft rock, gravels at surface. Novo can advance this in a fairly orderly fashion.
We control 100% (of the blue on the map) at Egina. Thus, we are able to get out there and do a lot of test mining and stuff like that that we can't quite undertake presently at Comet Well at the moment. So Egina is definitely going to be a focus for us this year. We're going to tackle that terrace gravel, see what kind of economics that might have, including the size and potential that we might have.
Therefore, we are going to do sampling not only in the mining lease but hopefully in some more extensive areas to demonstrate the hypothesis that this region could hold a vast gold deposit could be true.
Of course hes impressed! great ground at such a cheap price!

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Do you think it was a cheap price? I didn't know lol

Last edited by Adamstown: 25/02/19

PIO Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
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