Page 190 - NEWGEN21-Proceedings-Full

The Cayley Lode Discovery

The Site Visit – What We Saw:

● Oxidised and low pH fluid = enhanced metal carrying capacity

● Low-pH - hydrothermal fluids had dissociated and produced

H SO and HCl = higher up in the system
2
4
● The metal was there, SNDD001 –
SNDD001 – 95m
● 7.7m at 4.14% copper, 1.08g/t gold and 77g/t silver from 94.7m

● 9.5m at 2.93% copper, 0.45g/t gold and 42g/t silver from

154.6m

● The conclusion was that:

● Thursday’s Gossan was a very large hydrothermal

mineralizing system SNDD001 – 156m

● Fluid composition was very favourable

● There was good metal in the system

● Likely driven by a fertile porphyry at depth

SNDD001 – 269m
11