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My pick for April's comp.
Chalice Gold Mines (CHN)
Probably no news to some that Chalice had a massive Ni, Pd drill hit* from its first hole into prospective magnetic 'signatures' at the Julimar prospect in W.A.
*19m @ 2.59% Nickel, 1.04% Copper, 8.37g/t Palladium and 1.11g/t Platinum from 48m
But this is I would say is a second tier project and most would have bought shares for the Pyramid Hill project (N.W Bendigo) where they are trying to sniff out a Bendigo goldfields scale discovery under 50 -100 mtrs of Murray River Basin sediments. Company says encouraging signs so far in a kilometres scale anomalous gold set of results from shallow aircore drilling. Three rigs are drilling and now they are also doing three deeper diamond holes. I get the feeling that results are due soon. All the historical mega mines and the current Fosterville were discovered outside the Murray Basin cover zone but there's no difference between that zone and the covered zone in terms of geological fault lines and rock types except a lot of concealing dirt on top.
I have taken the liberty of an impressionistic sketch with little resort to notes or announcements. From someone who is lazy and has no geological aptitude. The egghead stuff is there in the announcements. This is a high reading on the vibometer stock
CHN 2YRS WKLY
Chalice Gold Mines (CHN)
Probably no news to some that Chalice had a massive Ni, Pd drill hit* from its first hole into prospective magnetic 'signatures' at the Julimar prospect in W.A.
*19m @ 2.59% Nickel, 1.04% Copper, 8.37g/t Palladium and 1.11g/t Platinum from 48m
But this is I would say is a second tier project and most would have bought shares for the Pyramid Hill project (N.W Bendigo) where they are trying to sniff out a Bendigo goldfields scale discovery under 50 -100 mtrs of Murray River Basin sediments. Company says encouraging signs so far in a kilometres scale anomalous gold set of results from shallow aircore drilling. Three rigs are drilling and now they are also doing three deeper diamond holes. I get the feeling that results are due soon. All the historical mega mines and the current Fosterville were discovered outside the Murray Basin cover zone but there's no difference between that zone and the covered zone in terms of geological fault lines and rock types except a lot of concealing dirt on top.
I have taken the liberty of an impressionistic sketch with little resort to notes or announcements. From someone who is lazy and has no geological aptitude. The egghead stuff is there in the announcements. This is a high reading on the vibometer stock
CHN 2YRS WKLY