too much newsThe significance of "Beatons creek NE" is that BLEG sampling 'lit up' this area which was first test in sampling process. Further surface geo. recon. discovered virgin hi grade outcrops. Some trenching confirmed more quality samples, along with flat strata.
So next, some blasting, with dozer back up producing 12 or so 100kg. oxidized samples, with ensuing deportment and hi tech assay studies to follow up..
Neat possibilities, a) Shallow,hi-grade, simple mining b) seperate from the drill out at beaton's, with cheaper digging and Cheaper processing...
This becomes more significant in that the $10 mil in the bank can continue to follow up Bleg spls. across the basin, with several drills and most likely (assuredly) deeper targets which will take even more drilling to hi grade this first reconaisance in their giant lease holdings.
Accelerated warants make more sense: to fund this new surface prospect which is so simple it's hard to believe it's virgin!
IF grades hold up, they potentially put in a small cheap mill, and grav. operation. Much less Dilution going forward in this Long term and Large scale Pilbara Basin-wide proposal.
My problem: news,news, news, and more news...they all singularily cost $ to keep moving ahead.
I'm imagining ahead- BLEG sampling may be indicating a few other locations on the basinwide leasehold? Their JV with millenium may evolve, whereby their 100% dirt at north end of beaton's grant hill 'discovery' may become more important.
And to think that Quentin let go of rattlesnake hills 'just for this ! ha ha