AUR 0.00% 0.7¢ auris minerals limited

OK, so WDD003 started south of the interpreted reverse fault....

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 3,055 Posts.
    lightbulb Created with Sketch. 166
    OK, so WDD003 started south of the interpreted reverse fault.
    The fault is dipping south. The drill hole deflected north (doubtless due to the influence of the fault).
    The hole penetrated the fold, and the core of basalt within the guts of the fold from 210 to 436m (226m of basalt). Either side is magnetite altered Ravelstone (but, equally, Thaduna greywacke derived from weathering of the narracoota; same-same).
    The basalt is described as hyaloclastic (Noonyereena member; the good shiz according to Pirajno)
    The veining is from 294 to 436 (again, the section says 42m, the text says 142m, same-same?).

    The veining matches the basalt intersection fairly well; therefore the chalcocite-bornite-native copper (which is new data; suggests very low sulphidation!) bearing quartz-carbonate veining is constrained to the fault zone as it transects the basalt.

    This fits the Thaduna deposit style extremely well; in Thaduna the reductive trap was the "graphite alteration"; chemically reductive bitumens that caused the low-sulphidation copper mineralisation to drop out of solution and form chalcopyrite, which got upgraded to bornite, then chalcocite with depth. This is a form of zone refining. The sulphur content says the same but more and more copper is added...until you get native copper.

    So, this deposit here is hosted where the fertile fault crosses reductive lithology (basalt). The fault is portrayed as dipping south; more copper is to be found at depth. This is what happened at Thaduna.

    So, the orientation (under this seat-of-pants model) is steely south dipping sheet of mineralisation, of unknown thickness (suggest 10-20m max), which is X metres tall and ~150m wide east-west. Though, if the fold thickens with depth, this would thicken at depth. Plus, the repeated structure to the south would be a prospective place to look.

    I reckon they need to see what the DHEM says (a E-W oriented, south-dipping plate would half confirm this model), then zing a hole through the cross-fault and test it and see what the true thickness of the structure is. Time to get away from testing stratigraphy and test structure.
 
watchlist Created with Sketch. Add AUR (ASX) to my watchlist
(20min delay)
Last
0.7¢
Change
0.000(0.00%)
Mkt cap ! $2.383M
Open High Low Value Volume
0.7¢ 0.7¢ 0.7¢ $700 100K

Buyers (Bids)

No. Vol. Price($)
2 1337500 0.6¢
 

Sellers (Offers)

Price($) Vol. No.
0.7¢ 806918 1
View Market Depth
Last trade - 10.00am 29/11/2024 (20 minute delay) ?
AUR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.