Yes, that's exactly where I think it is.
But the question is: 'What is it?'
And the other question is: 'What do we know for certain?'
In answer to the second question, all we really know for certain is that:
1. A rumour has been published by Barry Fitzgerald, that copper mineralisation has been found by Rio at this location, in sufficient quantity to justify a) the mobilisation of two diamond drilling rigs and b) the establishment of a 40 man exploration camp (which may also be there to serve work at Rimfire, etc. on the AZY joint venture).
2. FMG have very recently applied for extensive licenses all around (north and south of) the adjacent SRI leases, which appear to have been the only open ground available to them (I think it must be pegged north or RIO's block)
3. Corporate advisers Bacchus Capital of the UK, who have also previously advised both RIO and FMG, have been advising AZY since February 2018. They have the Barry Fitzgerald story on their newsfeed, and as of Friday AZY have it on their list of ASX releases. And Bacchus were also mentioned in a previous press article about Antipa by Barry Fitzgerald, which is listed under Media on AZY's website. A few dots might join up there.
4. The location that you have drawn here does correspond well to a) BF's described location '150km NW of Telfer', b) the granted RIO tenements at that location, which are the only place they could have thus far drilled to find any copper beneath the in-mineralised cover, and c) what looks like the NW end of the 'magnetic arc' described by BF in his article.
In answer to the first:
Dunno. Copper, he says. And enough of it to be worth a serious bout of follow up drilling. And possibly also enough to have prompted the interest of, and tenement applications by FMG.
What we need is some bright spark to go up there with a drone carrying a high-resolution camera and fly it over the RIO drilling operations and the core yard to see if they have a) started drilling yet, b) hit any nice bright green/blue malachite/azurite in the tope of those holes (as Sipa did in a recent diamond hole at nearby Obelisk), and c) what sort of drill-pattern and hole density they have prepared the ground for.
That'd cause a stir!
Worth a shot if you were a serious investor or JV negotiator though..
Expand
