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Jack says "I certainly don't believe that today's announcement...

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dmdaly

144 Posts.

28/02/17

15:02

Post #: 22976123
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Originally posted by Jack_a_Hearts ↑

An interesting update today, in particular to the timing of the Randgold option on Ntiola and Viper that runs until April 24.

One could speculate that this may have eventuated from discussions between KJ and Bristow, with a possibility of adding Koting to the mix. Positive diamond drilling results could maybe lead to that happening, I guess.

From the ann:..."Given the approaching potential exercise date for the Morila option, the Company has decided to test the high priority target at Koting in order to reach an appropriate decision point for this prospect during the current field season in Mali."

"In contrast to the other gold deposits defined nearby at Ntiola and Viper, the mineralisation at Koting has an anomalous easterly dip which is more analogous to the up-dip portion of the 7Moz Morila deposit,"
Perhaps Randgold are looking at making the pot a bit bigger, should the results be positive.

I certainly don't believe that today's announcement was issued as a "distraction", as some posters have eluded to.

A 600 metres diamond drilling program is hardly a distraction from a 10,000+ metre Phase 2 drilling campaign.

Cheers.

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Jack says
"I certainly don't believe that today's announcement was issued as a "distraction", as some posters have eluded to.

A 600 metres diamond drilling program is hardly a distraction from a 10,000+ metre Phase 2 drilling campaign".

Might be a poor attempt at a distraction! Just as there has been a poor attempt to sell out, a poor attempt to communicate, a poor attempt to move towards production.......

BGS Price at posting: 29.5¢ Sentiment: Hold Disclosure: Held
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