Paterson is no doubt the hottest exploration ground right now with both Rio and Newcrest ramping up activity....Greatland could have easily picked up the Armada ground way before Arv as they did their first drilling in early 2018 well before Arv applied for tenure....Rio was quickly expanding their ground in this time without alerting the mkt but Arv manged to pip them at the post on Armada....such is life....
New 3D gravity survey modelling can reveal a lot these days as Greatland shows with their Havieron deposit as "a large irregular shaped body some 300m across from approx 400m below surface (from top of basement) to 1200m below surface with an overall subvertical attitude". To put it in perspective Havieron shows 275m @4.77gpt Au and 0.61%cu...quite astounding results by any measure.... Telfer mine some 45km east has mined 3.4m oz Au and 185k tonnes cu since 2004....
Mkt will be looking keenly at gravity results coming out soon for Arv....
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Paterson is no doubt the hottest exploration ground right now...
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