This week, we’re bringing you exclusive content from the 2017 Precious Metals Summit in Beaver Creek, Colorado. Lesley reports on location and touches base with key industry players and analysts.
First, we sit down with Exploration Insights‘ Brent Cook to talk about one of the hottest exploration stories in the industry right now: Novo Resources (TSXV: NVO; USOTC: NSRPF) and its Purdy’s Reward paleoplacer gold prospect in Western Australia. Brent recently returned from a visit to the site and discusses potential geology and investment prospects for the company.
Second, Lesley has a chat with Adam Lundin, who recently took over the reins as president and CEO at Filo Mining (TSXV: FIL). The company was spun out of NGEx Resources (TSX: NGQ; US-OTC: NGQRF) in mid-2016 to highlight the Filo del Sol copper-gold property that straddles the Chile-Argentia border, 140 km southeast of the city of Copiapo, Chile. Adam talks about his father, Lukas Lundin, and his plans for advancing “low-cost oxide upside” at the eponymous, flagship project.
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Timeline
3:00 Exploration Insights Brent Cook talks Novo Resources
17:39 Adam Lundin talks Filo Mining and getting into the family business
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Music Credit:
“Cool Rock” Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 3.0 License
creativecommons.org/licenses/by/3.0/
“Isolated” Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 3.0 License
creativecommons.org/licenses/by/3.0/
was Leslie surfing in Australia or working? introducing it as a paleo placer off the bat and Brent being like no?? And here is Adam London haha do some dd
To answer your question – both! I worked for a company called Northern Star Resources at its Paulsens Gold project near Paraburdoo, Western Australia. The orogenic-style ore deposit was hosted near the base of the Fortescue Group, so I digged around the Mt. Roe Basalts and Hardey Formation all the time (never saw any placer gold, tho wish I had! lol).
How the Wits formed has been the topic of a 100-year old debate. The scientific consensus is that it’s a paleoplacer, but there are people – including Brent and Hennigh – who are in the epigenetic camp (aka, the gold was introduced after the deposition of the sediments, rather than during.)
I spoke with a Wits Expert last week to learn more about the subject – a gent who knows Quinton well and wrote papers with him. He explained everything you need to know about the deposit, and why it’s so debated. We’ll release our conversation as part of the Geology Corner, either this week or next, so stay tuned!