Been tooling around some SGQ threads, a junior WA nickel explorer on a similar path to MPJ, maybe six months ahead of us. They also are using Newexco employing a very familiar methodology.
What's instructive is SGQ's plodding progress towards precisely defining their conductors, which somewhat tempers expectations of an immediate strike by MPJ. No worries, I can wait.
ln the meantime here's an illuminating explanation of nickel sulphide formation as it pertains to the first discovery hole by SGQ, started in June. Plus an overview of plebbly and disseminated mineralised zones which don't necessarily directly locate massive sulphides...
It does not follow that the massive ore bodies will be directly underneath these caps or blankets. The accumulation of the massive sulphides in pools, pockets, embayments and other traps, may be off to the side, at the Komatiite contacts with the intruded host rocks, or in depressions along the Komatiitic body, or even totally displaced by much later structural events such as faults or folds of the tongue of magma carrying the sulphides in the first place. Or they may have not formed in economic accumulations in the first place.
Shifty buggers these conductors.
MPJ Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held