"The work highlighted the presence of mafic volcanic lithologies to the north of the Derewo Fault in the areas of anomalous
soil geochemistry in at the Wopogi Target. In these areas there was also abundant Propyllitic (calcite, chlorite and epidote)
and Phyllic (quartz, sericite, pyrite chalcopyrite) alteration which are common in areas of porphyry mineralisation. These
mafic lithologies and alteration types have not been previously described in these areas.
Figure 2 below highlights the initial exploration targets as defined by existing stream sediment, panned concentrate and
soil geochemistry collected by Freeport in the 1990’s. The geochemical data is shown overlying the regional aeromagnetic
data. It is important to note that there are large areas of demagnetisation of magnetic units that are broadly coincident
with the anomalous geochemistry. It is possible these demagnetised zones represent magnetite destructive alteration
associated with hydrothermal alteration which may be related to a mineralising process."
my take on this: huh!? I am happy that this was obviously written by a geologist. But as a dumb investor can someone please tell me if this is good?
I also thought that they had already done a lot of 'creek traversing' etc? I thought that we had samples many months ago in for analysis? Am I wrong that this has not happened as yet.
Don't get me wrong I am vey happy with this company. Maybe just getting a little too excited. Maybe need to calm down and relax?
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