Ann: High-Grade Gold Intersected at Lake Austin North, page-9

Reading this passage

"Development studies are progressing on the Break of Day and Lena deposits to evaluate options to optimise cash flow and maximise shareholder returns. This includes discussions with third party operators in the region."

it sounds like WestGold and Musgrave could be cooperating to get BOD/Lena developed.

I'd say that any major success at Lake Austin would see WestGold make a play for MGV very quickly. Looking at the announcement again this is what stands out for me.

"The A Zone mineralisation covers more than 350m in strike length along the granodiorite contact and is open in all directions."

There is a lot more of this granodiorite contact to explore by the looks of the current interpretation. I also remember Rob once mentioning the possibility an intrusive in relation to a position immediately north of the Lena deposit. Read my post from July last year below.

https://hotcopper.com.au/threads/an...s-350koz-gold.3545943/page-5?post_id=25865391

This find associated with the granodiorite contact at Lake Austin might open up a new exploration model for "Lena North" as well, if the granodiorite is also found in that area.

Also I just noticed the intersections at the A zone at Lake Austin sit under transported cover 75m to 100m deep that forms an unconformity with a relatively thin saprolite layer below.

If it comes to mining one would expect the transported cover to be easy digging although you might get issues around needing much lower angle pit slopes which could counteract the easy digging with higher strip ratios (all very forward looking and speculative at this early stage).

I need to look into Ganny Smith to see how close an analogy this propect is and if so what we might expect to find below the saprolite zone and in respect of its potential final scale.

Strong hold to possible buy in my books now until the potential here is quantified more. Esh