A few encouraging points in the quarterly:
HGO is so encouraged by drilling at Karapi on Sumba that they are looking at increasing the drilling program to achieve a maiden JORC resource by early/mid 2013 .. so within a year. To me that is a SIGNIFICANT development! Possibly the biggest news we have had for a while on the exploration front. The wording is "Continued strong gold intersections in trenching at Karapi indicate increased drilling is warranted, targeting a maiden JORC resource in 2013".
BH drilling is encouraging but with only 3 of around 10 holes drilled (and no assays yet available) they haven't yet hit the jackpot (the porphyry). Long way to go here I reckon.
This is certainly going to be a long-term investment .. nothing happens quickly!
H
Ann: Quarterly Activities and Cashflow Report , page-2
-
- There are more pages in this discussion • 36 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add HGO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
7.0¢ |
Change
-0.001(1.41%) |
Mkt cap ! $146.6M | |||
| Open | High | Low | Value | Volume |
| 7.1¢ | 7.1¢ | 6.8¢ | $157.4K | 2.268M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 844965 | 6.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.0¢ | 342377 | 2 |
View Market Depth
| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| HGO (ASX) Chart |