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Message: Komitiites and PGE deposits and Foster River

Komitiites and PGE deposits and Foster River

posted on Jun 05, 2009 10:19AM

Something to add to NL's excellent post was the info that Peter gave about the Siderock property having the Komitiite formations.

He mentioned 2 things that have significant bearing on what they are talking about.

The first piece that he added was about the excitement that other geologists were having about Wildcat finding these types of deposits and how many times other geologists would mention that type of formation because it is rare.

The second piece of insight given by Peter was that he has seen first hand what a deposit like that could mean to the company. I didn't catch the name of the place that he was refering to, but he did say that the PGE deposit was 5 meters thick and would yield some spectacular mineralization in just 5 meters of rock. Very lucrative (economic) given the price of some of these elements.

Also to clarify the Foster River presentation at PDAC, there were about 50 people in the room, and they were the ones that 'count'. By that it was my impression that he meant the type of people who would be interested in buying the property if in fact this is a broken hills type of deposit.



Andy K

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