RE: NEWSIn summary a total of four drill holes are recommended, two on each of LB-03 and LB-02. These anomalies exhibit coincident gravity and magnetic anomalies that show similar geophysical characteristics to the Olympic Dam deposit that is the classic model for large mineralized zones in the G-2 corridor.
The LB-02 and LB-03 gravity anomalies of 6 and 4 mGal respectively, combined with the amplitudes of their coincident magnetic anomalies (800 and 1000 nT) suggests geophysical similarities with Olympic Dam. The latter has a gravity anomaly of 14 mGal and an associated magnetic anomaly of 1000 nT. The magnetic susceptibility combined with the significant density contrast along with the structural conditions surrounding the anomalies indicate a geological formation that has similar geophysical features as Teck Corporation's Carrapetenna project and the Prominent Hill deposit, all of which are located in South Australia.
This sounds good, will be buying more tomorrow!