You can see on the old map that the Bariamia area was thought to be mostly granites and thus not of interest. Turns out that survey was wrong. Not much Boogardie BIF as you say, but even this looks pretty low confidence due to cover and low magnetic contrast.
Anyway, it was a great deal, the area to the West (RMS) is littered with open pits and we have very encouraging hits at Mcnabs and Mcnabs East, 850m apart and the whole area will get more AC drilling and a detailed magnetic survey in Q1 as well.
GMD Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
(20min delay)
