Both MG14 and Windabout deposit Mineral Resource estimates have now been estimated according to the guidelines of the 2012 edition of the JORC Code, including direct QA/QC supervision by Gindalbie and Torrens. - The deposits contain significant Cu, Co and Ag mineralisation with 1.83Mt at 1.24% Cu, 334ppm Co and 14g/t Ag at MG-14 and 17.67Mt at 0.77% Cu, 492ppm Co and 8g/t Ag at Windabout reported at a cut-off grade of 0.5% Cu equivalent. - Excellent copper equivalent grades at both deposits with 1.83Mt at 1.67% Cu Eq at MG-14 and 17.67Mt at 1.41% Cu Eq at Windabout, reported at a cut-off grade of 0.5% Cu equivalent. The Mineral Resource estimates for the Windabout and MG14 Deposits are tabulated belowExploration -
MPS is conducting a separate concept study to assess the viability of the Emmie Bluff Cu-Co-Ag prospect, located on the northern part of the tenements. Emmie Bluff has a historical non-JORC compliant mineral estimate which will be used to assess viability of the prospect. If positive, this may provide a significant exploration target for additional work.
- A major exploration targeting campaign across the tenement package, which comprises over 800km2 of prospective ground, is underway to assess the potential for both additional sedimentary hosted mineralisation and IOCG mineralisation.
- The South Australian government, in partnership with Geoscience Australia, has recently completed a highresolution airborne geophysical and terrain imaging programme over the Mt Gunson tenements, with the results expected imminently. The magnetic, radiometric and elevation data gained by this programme, combined with historic and new data compilation, will be used to refine and optimise exploration targeting work at Mt Gunson.
Drill results and resource estimates were very positive and grades across the board were higher than original documentation, but in my humble opinion the most significant announcement was that the South Australian government in partnership with Geoscience Australia has recently completed a high resolution airborne geophysical and terrain imaging programme over the Mt Gunson tenements, with the results expected imminently. The magnetic, radiometric and elevation data gained by this programme, combined with historic and new data compilation, will be used to refine and optimise exploration targeting work at Mt Gunson.
THIS COULD BE GAME CHANGING INFORMATION !!!!!!!!!!!
THIS COULD BE THE ICING ON AN ALREADY BIG CAKE !!!!!!!!!!!!
RESULTS ARE IMMINENT !!!!!!!!!!!
GBG Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
