RE:RE:Insider buying every Month since January 25 2023…Here is WhyBulba, you must understand that Matilde Extension drilling is the confirmation of their conclusion arrived at from the Matilde discovery itself several months earlier .
This has all the evidence of a massive copper-gold+ magma discovery that has a drill confirmed strike length of 3 km ...Matilde Extension is 645 m north of Matilde ..
see my paste and copy below extracted from the Matilde discivety NR.
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These conclusions add to the growing evidence that the gold-bearing fluids that formed gold at Matilde are of a magmatic hydrothermal origin, and that this is primarily a large intrusive hosted gold system with epithermal and porphyry characteristics.
Discussion of drilling results
The drill program tested a portion of a coincident 3.0 kilometre long gold in soil anomaly centered on an east-west trending magnetic-low anomaly (Figure 2) that is interpreted to be a major gold-hosting structure.
Drilling defined a gold system hosted within an east-west structural corridor in hydrothermally altered granodiorite.
Gold mineralization begins at surface and has been traced over a strike length of at least 250 metres and to a minimum vertical depth of 483 metres.
The deposit is open to expansion along strike and at depth.
In a general sense, the mineralization consists of broad zones of moderate-grade gold accentuated by narrower intervals of higher-grade. In addition, bonanza gold values are usually associated with visible gold adjacent to interpreted lamprophyre dykes and late-stage milky quartz veins.
Typical alteration mineral associations include quartz, sericite and pyrite, and occasionally visible gold suggesting a phyllic style of alteration associated with porphyry systems.
However, there is evidence that a potassic style of alteration is beginning to develop at depth as evidenced by pink potassium feldspar at a drill core depth of 418 metres in 22MT-034 (see figure 7).
This is important, as higher gold and copper grades typically exist in the potassic zones of porphyry systems.
EAST-WEST STRUCTURAL CORRIDOR
Thirty-three drillholes totalling 10,324 metres evaluated part of a 3-kilometre-long gold-in-soil and magnetic low anomaly centered on the Matilde gold target.