Real Possibilty: Substantial Additional Cu Resources etc The following is my extended commet ... in review of the newly released Oroco-GeoGenius ST geological report:
For me, as an Oroco investor [and a geologist who has substantial experience in the petroleum exploration industry], BY FAR, the MOST IMPORTANT PART of this ST report is the part that is NOT DISCUSSED: and that is the HIGHLY PROBABLE SUBSTANTIAL CONTINUATION of the Braziles Zone Chargeability Anomaly... that is, SUBSTANTIALLY BEYOND the northern limit of the 3DIP survey.
In this new report --- start on Slide 44, “Deposit Shape” --- and from previously released information, I am basing this geological hypothesis --- that is, my working model --- on the following evidence:
[a] it is obvious that the most likely explanation for the “non-geological” looking northern termination of the Chargeability anomaly is that it is an artifact of the northern limit of the 3DIP survey design;
this northern termination looks geologically “strange”, very much in contrast with the “natural” looking southern termination … where the southern anomaly tapers to extinction;
[c] and looking at this overall taper --- which, in the length of the entire anomaly, decreases, very clearly, from south to north --- the anomaly is at its BROADEST at the BZ northern terminus;
[d] additionally, the regional faulting, which is also shown in this report, is shown to be ending at the southern bank of the river; where, I take this to mean that either for reasons of confidentiality or of too little information to confidently map the likely extension of this faulting into the BZ and beyond;
[e] and finally, in this new report, the geologist, in using the golden-colored ellipse to indicate the three respective mineralization zones, is suggesting clearly that the BZ anomaly continues substantially beyond the existing Company data.
IMO, this HIGHLY PROBABLE BZ NORTHERN EXTENSION of the Chargeability anomaly sticks out like like a sore thumb. Such obvious “trendology” is Exploration Geology-101.
This possible extension has been of interest to me ever since last year when the full Chargeability anomaly images were first released. Now, however, when I reviewed this Oroco-GeoGenius report and saw the way Josh indicated the three major ST zones, the confidence in my hypothesis was bolstered: I am even more convinced that the MOST LIKELY scenario is that the BZ portion of the anomaly continues a "good ways" further to the north. Specifically, I estimate the geological probability of this to be >75%.
By writing further to the north, I mean at least 1-2 km and maybe even several kms; where, it must be recognized that it is geologically reasonable for this northern extension anomaly can be just as large or even larger than the entire anomaly as recorded in the combined SZ, NZ and BZ. I have no special insider information; again, I am simply following Geological Trendology-101; however, if true, most likely, it would represent substantial additional Cu-mineralization volumes.
Maybe the Company already has scientific data over this northern extension area; where, if so, most likely, they already have some level of geological interpretation; that is, they have some working geological model. Whatever this might be --- or, not be --- the Company, to date, as much as I am aware, has not discussed publicly any of this. That’s okay, IMO, because, at this moment, they are fully occupied with their ongoing Advanced Exploration Phase efforts, and, maybe they are not yet prepared to do so.
So, what is presented in this report SUGGESTS to me two most likely possibilities: [1] currently, Oroco does not know how much further to the north, beyond the northern boundary of the 3DIP the potential Cu-mineralization may extend; or, [2] based on data other than the 3DIP --- such as the Aero-Mag survey --- they have some idea, but, for whatever reason, they have chosen, at this time, to not make such available to the public.
No, I'm am not suggesting anything nefarious; there could be any number of perfectly acceptable reasons for such a decision. And, OTOH, I cannot rule out the possibility that I simply missed the Company’s public discussion regarding this possible northern extension. Someone, if this is the case, please let me know.
As an Oroco investor, I see this is a real geological possibility that may substantially impact any and all bidding that some major Cu-players may put forward for buying the ST project; where, as such, it will obviously impact the share trading prices and volumes. I’m having a hard time thinking of a scenario where any such serious bidding company will not also recognize this possibility --- and the associated massive uncertainty --- and ask some serious question regarding it possible existence. [Are any of the readers familiar with the phrase “ubiquitous over-bid”?]
In view of the above, the obvious questions, from the perspective of this investor, are:
[a] What are the Company thoughts on this potential extension?
Are there any current data --- such as Aero-Mag, surface mapping, etc --- that may be available to address this matter?
[c] Are there any plans, in the current Advanced Exploration Phase effort --- such as coring-assaying a few locations --- to the north of the anomaly terminus?
[d] Are there any administrative and/or legal issues, regarding the region north of the BZ, which may be creating barriers/hurdles?
Comments and Questions regarding above, and all other related matters, are much invited and much appreciated.
Note: most likely, I will pasting these same paragraphs in some of the online Oroco chat room forums.
Note: as an investor, I hold a long position in Oroco and look for opportunities to increase my holding.