CWX 0.00% 11.5¢ carawine resources limited

Ann: Hill 800 Gold Prospect - Drilling Commences, page-8

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  1. 1,709 Posts.
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    Last announcement ( Circa May 1) said it was an eight week drill campaign with 2 rigs. That puts the finish date around 3rd week in June.

    I am going to call the company soon to see how it's going. As an explorer getting 2 drill campaigns under way as soon as all the landowner compensation agreements are finalised this month, I feel it's time as a CWX shareholder to get some news in the interim. The company did say they would update on the drill campaign as results came in. There should be some results by now.

    Hill 800 is one facet of the wide spread assets CWX holds. I am more interested in the Manganese/Iron Cobalt Nickel potential, since we have picked up similar outcrops in the NT recently and it will be interesting for us too see if it's a similar geological setting.

    Let you know if I get reportable feedback, of course since our company is a private enterprise we do not have to adhere to ASX reporting rules and as such I can say our Manganese/Iron gossan outcrops and the historic rock/lag sampling results have shown 500 - 3600 ppm Cobalt (o.05- o.36%) with stream sediment and pan samples well over 300 ppm. We have a geochemical affinity between Cadmium/Arsenic/Zinc and obviously Nickel. The geological similarities are what excites me .. even if there are no similarities. Comparisons will be useful to us and might be vice/versa.

    Cheers,

    HR
 
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