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While on the matter of the Karalundi Formation, this is an...

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Shady Merv

11,557 Posts.

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27/07/18

12:59

Post #: 34593892
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Originally posted by Shady Merv ↑

At the bottom of the narrative (on page 3) it states that the drilling at Feathercap has concluded, so assays 'in the coming weeks?'

This is another decent report, essentially about new vms targets.

I suppose that this could have been stated before, or perhaps in enough detail for us readers to infer, but this report clearly distinguishes between the separate merits of the Karalundi Formation and the Narracoota Formation. I must admit that I was not quite clear about their importance and general locations until today.

Karalundi F hosts DeGrussa (SFR), Monty (SFR-TLM) and the recently-found copper sulphides at Morcks Well East (SFR-AUR-FEL). It extends along the Goodin Fault SW of Morcks Well East to Cashmans. Check out Figure 1 in today's report where it is identified. 3 of the 4 priority-1 targets are at Cashmans. They are the reddish blobs in Fig 1. Orient has already yielded copper sulphides so this is a hot spot very worthy of much more exploration

The report says that of the 64 targets, 11 are coincident with the Karalundi F.

I can therefore see SFR keeping a very close on this area.

Narracoota F is northwards and hosts the Horseshoe lights vms cu/au deposit.

There is a priority-1 target at Wodger, so it might be a hot spot like the Orient area as copper sulphides have already been discovered at Wodger.

The report says that of the 64 targets, 33 are coincident with the Narracoota Formation.

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While on the matter of the Karalundi Formation, this is an extract from today's SFR QR re the continuing exploration at Morcks Well east. It's still 'go, go go!'

AUR Price at posting: 6.7¢ Sentiment: Buy Disclosure: Held
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