SFR QR for those interested and for those like me who did not know field-truthung was a word:
6.2.5 Yerrida North Project
Sandfire entered into a Farm-in Agreement with Great Western Exploration Ltd (ASX: GTE) in April 2017 to earn up to an initial 70% interest in GTE’s Northern Yerrida tenements, located 25km south of the DeGrussa mining operation. Sandfire has the right to farm into 11 of GTE’s Exploration Licenses in the Northern Yerrida basin, Western Australia, covering a total area of 1,560km2.
During the Quarter Sandfire undertook historical data compilation followed by reconnaissance field-truthing across prospective stratigraphy in the Yerrida Basin. This work complements the detailed structural and geological interpretation undertaken in the September 2018 Quarter.
With relatively little detailed historical work undertaken across the tenure, there is a paucity of existing data, requiring further field work but also providing good potential for green fields targeting.
Increased field work and systematic refinement of geological interpretation will continue into 2019 to better define prospective targets.
in other words, they did not a lot but might well be doing more not a lot this year.
GTE Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
