Been snacking a few myself bevter- best of to us that have deployed capital.
Couple of considerations with this one
So there has been considerable emphasis in previous ann regarding defining the resource -in ground OZ's.
Given its basically at surface & defined open beyond 200 mts & strike length some 200-400 mts -the latter yet to be
confirmed, it would seem very likely the top could be accessed given its at surface with an excavator at a very low
strip ratio- cost base.
Does any one have the distance to the closest mill whereby mineralised ore could be toll treated, ore at least economic assessment
could be done ?
This could well get the attention of a mid cap or major given the exploration potential within the tenements & could be reasoning for results being delayed in that their are lets say considerations possibly taking place -not saying there is mind you just mind full that the tanami is a hot region at
the moment & we are to the East & further entities joining the J.V. are very plausible consideration .
Extract-Quote
the association of Cu ± Sb minerals such as enargite and Cu minerals such ascovellite, chalcopyrite, chalcocite and bornite
with Au and Ag as reported from Waldrons is typically a strong indicator of high-sulphidation epithermal gold systems. Hence, some prospects at the North Arunta Project could have formed in a shallow crustal epithermal environment
"above deeper porphyry systems" associated with Cu, Au and/or Mo.Whilst further evidence will be required to prove (or disprove) this hypothesis, it would serve to explain the occasional Cu-Mo
geochemical element associations and Au-Ag (± As, Sb)anomalism, in particular at the Tulsa and Lennon prospects.Given the occurrence of a possible intrusion-related gold system in the nearby "GRANITES "-Tanami Orogen the above
is a likely scenario for the North Arunta region also.For those that don't know The Granites is Newmonts NEM flag ship producer to the South West of the Western End
of GLA & PRX J.V.-tenements.
Newmont completed a very big expansion a couple of years back & mine life was extended considerably . Some of the big boy's club will be keeping a watchfull eye on exploration developments .
glah-salt
