PRX 0.00% 0.4¢ prodigy gold nl

The significants of IGO having completed in ground Moving Loop...

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    The significants of IGO having completed in ground Moving Loop Electromagnetic Survey's (MLEM)
    over geochemical anomalies, that identified seven conductor targets-Four of which are part
    of the current underway 14 hole R.C.-Drilling campaign & its potential of discovery seems to
    have largely been overlooked by the market.-See highlighted below from IGO release yesterday.
    Electromagnetics | Resource Potentials

    IGO-Quarterly Activities Report ASX-26 October 2016
    Lake Mackay Gold/Base Metals Project (IGO Manager and Option to earn 70%) Infill soil
    sampling and minor rock chip sampling has been completed over six regional prospects.
    Two prospects were upgraded, one remains unchanged and three were downgraded.

    MLEM surveying was completed over various soil geochemical anomalies, with
    seven conductors identified, four of which will be drill tested in the
    December 2016 quarter.

    The Lake Mackay co-funded aeromagnetic survey has progressed well during the Quarter
    with45,718 line-km completed which represents 88% of the 51,984 line-km planned.
    The data is currently being processed.
    (Quoted IGO report ends)

    ABU -ASX Release 11 October 2016
    Lake Mackay J.V.
    IGO are planning to commence a fourteen hole RC drilling program within the Lake Mackay
    JV area mid-October 2016.
    This program is scheduled to be completed during November 2016
    .
    IGO is earning a 70% interest in ABM’s Lake Mackay tenements by sole funding $6 million of
    exploration expenditure.

    Results confirm the Lake Mackay Project is a belt scale exploration target with potential
    to host multiple styles of mineralisation

    In the next phase of work, IGO are planning to carry out further soil sampling and ground EM
    surveys within EL24915.
    A Northern Territory Geological Survey co-funded aeromagnetic survey will also be conducted over EL24915 and the adjoining tenement applications.


    The 7 targets identified are all on ABU's tenement EL24915 seen below, this is the same tenement that bumblebee is on much upside potential exists with targets now identified should
    they be proven with drilling intercepts, given its IGO, considering there  budget & expertise.
    There is no need to give example of what it would do to ABU's share price should a significant discovery be made, we have already witnessed the B.B lead up- although it did not eventuate in a large commercial discovery it was only the 1st cab off the rank & we now realise IGO
    have confirmed as of yesterday that 7 additional targets have been identified.​



    "IN EARLY 2015, ABM AQUIRED A FURTHER 4,900 KMS OF EXPLORATION LICENSE APPLICATIONS".  that cover over 140km of strike length of a pronounced geophysical
    gravity ridge along the margin of the  Aileron and Warumpi provinces.
    These exploration license applications now also form part of the Lake Mackay alliance
    agreement with IGO.
    -seen below in black, the red border is position of the tenement the
    7 targets have been identified & current drilling exploration of 4 targets IGO mention is on )
    We can assume why these tenement applications were made, because if a commercial discovery is
    made it is potentially the first in a whole new mineral district.
    imo-dyor
    gltah-salt
 
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