Below is part of AQR's announcement this morning (not sure whether i'm breaking any laws/rules pasting this?!) My request is whether there are any geologists out there who can give me a bit of a run down on what this means. It's pretty clear in most ways but a 'between this lines' explaination is what i need. Cheers Drill hole 09WW094D was the first of a three hole diamond drilling program designed to test the potential for Gordons style mineralisation beneath the discovery hole (09WW090) at Whitewash South, which was reported to the ASX on the 31st August 2009. This hole has been very unusual in geological terms. The presence of a large mineralised polymict breccia (i.e. a breccia consisting of numerous types of rock fragments of different origin), that was intersected at 27m and continued to 177m, for a total intersect of 150m, indicates that this is the top of an exceptionally large system. Molybdenum and copper mineralisation has been confirmed by assaying in the breccias and in the underlying intrusive rocks to a depth of 379m. Molybdenite was still evident visually at the end of the hole at 411.7m. The breccias are a most unusual occurrence. However it should be pointed out that the rest of the drill hole also contained significant molybdenum and copper mineralisation (see Figures 4, 5 & 6 below). The polymict breccia consists of clasts from at least four (4) different rock types, all of which are intrusive rocks. This indicates that there have been at least four (4) intrusive events at Whitewash South. These clasts have a matrix, which in itself is a breccia, that was possibly formed by a hot gas phase. Significant molybdenum and copper mineralisation is evident in this gas phase matrix.
AQR Price at posting:
37.0¢ Sentiment: None Disclosure: Not Held
