'BRYAH BASIN JV (IGO Manager and Earning 70% - 80%)
The results of an aircore drilling program drilled in the September 2014 Quarter comprising 115 holes for 6,759m testing areas of surface geochemical and EM anomalism as well as traversing prospective stratigraphy with little or no previous exploration were received during the December 2014 Quarter. The results confirm a strong multi-element VMS pathfinder geochemical response at the Neptune Prospect, situated on the prospective basal contact of the Narracoota Volcanics. Follow-up drilling is being planned for Neptune. Drilling away from known prospects assisted in firming up the prospective Narracoota contact position which can now be tested for evidence of VMS mineralisation by systematic geochemistry, geophysics and drilling.'
So that is why IGO firmed up the relationship. Early days for sure "but results confirm a strong multi-element VMS pathfinder geochemical response at the Neptune Prospect."
ALY Price at posting:
1.5¢ Sentiment: Buy Disclosure: Not Held
(20min delay)
