Now that we seem to have settled down a bit with Agate Creek and look forward to that TO settlement, hopefully this month, had a look at N Z again from the Noosa Presentation.
Has this been overlooked? "JUBILEE:-
Several areas of significant alteration and anomalous pathfinder elements defined throughout the project. Recent studies undertaken by Laneway have defined new and extended targets with significant potential for AuAg discovery. Further work as is recommended in several areas where gaps exist in historical data.
Results from reanalysis of core from ML18 (0.3m@521g/t Au from 170.3m) show similarities to a Hishikari, a high grade vein style deposit which was discovered by an intercept of 0.15m@290g/t Au, 200m below surface.
Similarities between Karangahake and Jubilee suggest that mineralisation continues at depth below existing workings at Jubilee.
Over 90% of historical drilling is less than 250m deep with the exception of holes WV003, WV006 (Newmont 2007) so the Jubilee system has not been tested at depth.
That's where LNY is to focus their next work.
Another big seller of 10 million @ .004 just came on.
LNY Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held