Cheap cobalt exposure, page-6

Great post DPR. Thanks.

With someone (CAV) finally acquiring the Grey Dam tenements from KalNorth (who were the eventual owners after a long string of sells and swaps, including our old mate ICG) we may now get a better idea of what the historical data really means.

The data CAV released in their ann today is informative more for the omissions than the hits.

The resource is a near surface lateritic deposit and seems to be confined to the land north of the E W fault line, in fact none of the holes drilled in the south, including those near the large red patch refered to historically as Area 2 get a mention in the tables.



This reinforces a belief I have held for some time that the payable Ni - Co ore will come from deeper ultra mafic channels. Which is, of course what MTH are targeting in the current drilling.
The two rectangular objects in the diagram represent the conductors MTH found by EM survey, and the 1,6 odd km. strike between them is the area of interest for us.

IMO we should not be distracted by this lateritic resource which CAV has picked up for a song. Nor should we be attracted to CAV for it - but of course, there is an excellent chance CAV will have an extention of any deep channels MTH finds.

So GL to them, and GL to us.