Would you care to tell us what the formations are under the...

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john435

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23/10/17

09:27

Post #: 28105119
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Originally posted by happyonlithium ↑

So you quote a technical report from Aug 15 revolving around HF at Beatons Creek and ignore the results from Purdy's/Comet Well and the multiple interviews with QH and the most recent nuggets coming out of conglomerate from De Grey [cited from conglomerate by QH himself] and those nuggets reported at Egina and more recently from Haoma.

I acknowledge that some ground may have been pegged where erosion of the conglomerate may lead to pockets of remobilised gold lower than the conglomerate due to gravity, but the main reason Beatons Creek has been deprioritised is due to the order of magnitude greater gold being found in conglomerate under MRB at Purdy's versus the HF conglomerate of Beatons.

Novo have tried to peg as much ground with conglomerate under the MRB [and I have confirmed that directly myself], so I find it amazing that you are coming to different conclusions.

Their latest news release seems at odds with what you say as well:

"Over the past year, local metal detectorists have excavated gold nuggets originating from weathered conglomerate along an eight-kilometer, southwest-trending corridor between the Purdy’s Reward prospect (please refer to the Company’s news releases dated May 26 and August 15, 2017) and Comet Well (please refer to the Company’s news releases dated April 11, June 26, and August 3, 2017). These gold-bearing conglomerates dip gently southeastward under cover at angles of between 2 and 20 degrees. The Company secured 100% control over approximately 7,000 sq km in areas along strike and down dip from Purdy’s Reward and Comet Well through aggressive staking earlier this year. Novo believes that these gold-bearing conglomerates may underlie significant areas within the greater Fortescue basin."

So plan A for everyone, and it is well acknowledged now, is to find gold in the 2.8-2.6Ga FG in the conglomerate bed under the Mt Roe Basalt that formed slightly after the proposed peak gold precipitation event around 2.9Ga [see paper and podcast by Frimmel himself].

With respect, I'm just struggling to understand your logic and I'm not so sure other companies primary or secondary projects will be of significance if they hold prospective ground with MRB/exposed conglomerate with correct nuggets. I guess it will hinge somewhat on the results from Purdy's.

The dating analysis of Purdy's will be telling as well.

CDT have bagged a special piece of ground with 2kms of the correctly identified MRB/exposed conglomerate with the vendors claiming they have been finding gold nuggets in situ for years.

CDT in my opinion is positioned nicely for a significant rerate and that's the name of the game for me.
;D

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Would you care to tell us what the formations are under the Mount Roe Basalt that hosts the conglomerates both at Purdys and elsewhere?

CDT Price at posting: 4.6¢ Sentiment: None Disclosure: Not Held
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Would you care to tell us what the formations are under the...

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