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18/09/17

18:41

Post #: 27297819
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Originally posted by funkbunger ↑

This looks promising. Hopefully news soon to say a rig is off down to the ranges.

Two coincident nickel, copper and sulphur geochemistry targets were identified in the first quarter of 2017 and infill air core drilling in April and May (ASX announcement 20 June 2017) have confirmed and identified two areas of interest at The Lake and Keith’s. These two targets will have additional air core drilling, planned for October/November depending on access.

A 500m x 100m sample spacing auger programme targeting BrokenHill type leadzinc mineralisation of 1,064 samples (ASX announcement 20 June 2017) has been modelled. Data to date has not produced any Broken Hill style leadzinc anomalies that warrant further exploration activities.

However, a lowlevel gold anomaly has been identified within the south west section of the auger geochemistry program. The gold anomaly is of interest as this part of the Albany Fraser belt historically hasn’t been expected to produce significant anomalism in gold. With background levels below detection recorded over a large portion of the geochemistry survey area, an anomalous zone of up to 11 ppb gold in soils has been identified in what appears to be a favourable magnetic complex. An infill auger survey with spacing of 100m x 50m will be conducted to confirm the anomalous values.

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Sorry so ecstatic by TEG no time for MRD
MRD Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
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Sorry so ecstatic by TEG no time for MRD

Top Stories

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Sales growth pushes Lovisa's fortunes (and shares) upwards

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

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HotCopper Highlights: Your most watched stocks for Week 47, 2024

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Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

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Scientific conference spotlights PYC's work on blindness disease treatment

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects