Ann: Drilling progress, Cloncurry & Prominent Hill,OZL-MEP.AX, page-43

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MandB

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05/10/16

09:17

Post #: 19628237
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Originally posted by pacificwinner ↑

Imo, about SGQ the problem is that their encountered nickel sulphides are located here some and there some
in between underground intervals. Regardless of grade, this is likely indicating that the area is likely either
not suitable for commercialization or not a bigger size prospect in my interpretation. In my understanding,
a previous explorer did not pursue further over there and got away likely because of above reasons.

While, about MEP's case, it is almost virgin place in terms of exploration.
Possible case scenarios could be:
1. Iris South and North could each possibly be independently existing ore deposits.
Because of possible suggestion of existence of fault between South and North and the case of nearby
Eloise's deep plunging ore deposit.
2. While reason of close vicinity, there might be possibility of above two are jointly connected and one ore body
sharing in deeper underground. This also can be supported by Eloise deposit case.
3. Iris South is indecently existing, while Iris North could be connected with Electra as there exist suggestion
of fault line between them...........

But we do not need to go far. Too much assuming could make us headache and confusion.

I would suggest you that in fig.3 horizontal DC drill core, there seems water splashing like sulphides.
If you pick one of fire hydrant water hose and after full open the main switch and make it full watering towards into the sky,
the water will be splashed very likely same shape of above fig.3 horizontal core. But be careful, you could get fine for using
unauthorized fire hydrant.

Anyway, this is no background personal's theory for entertainment.

Regards,

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yes it seems to have some similarities
have been buying this from 6c with trades along the way
one to def watch
some profile industry analysts rate this highly
management are quality

MEP Price at posting: 11.5¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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Ann: Drilling progress, Cloncurry & Prominent Hill,OZL-MEP.AX, page-43

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