G88 16.7% 1.4¢ golden mile resources ltd

Agree, I'd like to see a SPP for existing holders when the time...

  1. 2,603 Posts.
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    Agree, I'd like to see a SPP for existing holders when the time comes.

    The next announcement will be to state the start date and timeline for drilling. They should start drilling later this month on the anomaly 2/3 area which already has approvals. DMIRS POW-E approval can take up to six weeks, so anomaly 1/4 might be drilled in April.

    I'm not expecting any strong buying or selling in the interim until we hear more about drilling. The targets are strong, the previous results are solid. The deposit has clear potential to extend north-south substantially in the shallow saprock, then there is high potential for massive sulphides in at least two areas (anomaly 1/4) in the fresh rock.

    The south-west region is relatively under explored compared to further east. As someone else stated last year, there are not many deposits in the region, but they tend to be large in scale (boddington, greenbushes etc).
 
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