The issue is the combination of things that "might" occur at the "intersection" of two different faults... that clearly DO occur at the intersection of faults SRSR has staked claims on.
Just being "along the fault" known as a source of gold in spots isn't a proof that the part of the fault you've staked out spots along actually has any value in gold... but, sometimes, there will be portions along the fault where there are spots with indications of gold on the surface, which clearly prove gold exists... there... at the surface. Gold on the surface probably or necessarily indicates it came from a deeper source.
SRSR has a spot at the intersection of two faults...
Each of those faults has its own history, and its own historical geologic dynamic in terms of gold deposition events...
There are two different deposition dynamics that exist in the region:
One is more closely tied to the bulk sources of sulfide based gold distributed in melted rocks that are pushed to the surface, that result in a low grade deposition that can occur in large quantities. Basically, the sponge rock itself leaks to the surface...
The other dynamic is a result of the sponge being squeezed at depth, and leaking gold melted in quartz that is extruded toward the surface through cracks in the rocks... which tends to be higher grade gold that occurs in what are most often smaller quantities in narrow veins of quartz.
At the intersection of two faults... it seems the SRSR leases have BOTH of those things occurring in exactly the same spot... so, there was first an event in which melted "sponge rock" extruded all the way to the surface, generating a large deposit of bulk material with low grade gold distributed throughout... and then, later, on the other fault, gold got melted into quartz, and the quartz got extruded into cracks forced in the original "bulk" deposit... forming a combination high grade/low grade deposit, that fill the fault intersection, in something like a 700 meters by 700 meters square zone...
The only thing better than finding a gold mine... is finding two of them in exactly the same place ?
And, both styles of surface expression still have the issue of the gold bearing rock apparent at the surface, whether bulk rock deposits or those in quartz, having had to have had a source... and that source is "deeper"...
That there are higher values in the quartz based materials than have been seen elsewhere in the region, and that those were deposited in an event AFTER the bulk deposits had formed, seems it might indicate the the source rocks at depth below the surface deposits... might be a pretty interesting and large body of parent material... so, based on what you see at the surface, it could be "the big one"... and, "higher grade gold that occurs in what are most often smaller quantities in narrow veins of quartz" near the surface, might also become "higher grade gold that occurs in a larger stock of material at depth".
A couple things result:
One is the "potential" for "the big one" the surface deposits indicate...
The other is the FACT that the dual deposition events in the intersection make for an more highly enriched surface deposit than is typical, that combines the benefits of low grade bulk deposits and high grade enriched deposits in a single site... so, they probably DO have something worth mining, based on that alone... whether the "big one" gets found or not.
The first question, more practical, is how big is the known opportunity that exists only in the "dual method" bulk/high grade deposit that exists in the surface potential at the fault intersection SRSR owns ?
If it is, as the geologists have said, a nice proxy for the Juby deposit, then you might expect it will tend to be in the range of the one million ounce scale find, like Juby, and not a smaller find in the sub 100K ounce range.
The second question, more geological: is the "big one" lurking down there somewhere, in the deeper source rocks for both of the two known deposition events ?
The most exciting part... is a result of two things:
One is that gold distribution in the vertical column of rock, when there are deposition events like that which occurred at least twice in this area... tend to be somewhat PREDICTABLE. Gold isn't deposited "where ever the liquid rock flows"... but, it tends to be fractionated... it comes out of solution in the melt at particular temperature/pressure points, thus at particular depths, in the rising plumes of melted rocks...
The other is that deposition events where melted rocks are moving around, do still tend to be controlled by other rocks already there when the events occur, so, by the existing STRUCTURE... and the structure that exists in the older rocks in these fault and fracture zones appears it is also tending to create predictable patterns in where "the big ones" are going to be found...
So, figure out what the structural controls are in the site where you are, figure out what the structures and the rocks that you can see, each suggest about "the right depth" and "the right place"... and then go looking for what those things suggest, where the right places are, and see if "the big one" is lurking down there...
So, there really are four potential plays you might consider...
1. the surface indicated bulk gold deposits, and
2. the surface indicated concentrated gold in quartz veins...
3. the gold still in the source rock of the plumes of quartz melt, or, the potential for more concentrated gold in larger veins of stock materials that might occur at greater depth... and,
4. the gold in the lower grade, but potentially very, very large quantities in the deeper source rocks for all three of those potentials above... which might be concentrated at the right depth, with its distribution limited by the controls of the structure...
The REGIONAL element shows that there is a common set of features recurring along and controlled by the structures, and that indicates concentrations here do tend to increase with depth.
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