Short Term Trading Week Starting: 11th July, page-568

STTCOMP FNT, FA LONG
Market cap 1m approx., cash 200k approx. SPP underway which should be done today.
A gold tiddler in PNG.

From the recent announcement:

POSSIBLE DRILL TARGETS
Swit Kia high grade gold: 3 holes at East Creek Upper (90m) & 3 holes at Lower (90m)
2 holes at Central Upper (20m) & Lower (40m)
2 holes on Kapia ridgeline (120m) targeting the plunge

High grade /bulk gold: 1 hole at SK River Zone East (100m), targeting OTML 'diorite' that graded 37 g/t 1 hole at SK Headwater Zone (100m), targeting gold bearing structural zones
Low grade gold: 1 hole in NE Bulago Valley targeting very strong gold- zinc soil anomalism This hole may transition to porphyry copper at depth

Porphyry copper-gold:
1 hole in SW Bulago Valley at strong copper+ gold soil anomalism W of BUL007 1 hole in NW Bulago Valley at strong copper + gold soil anomalism W of BUL001

Polymetallic Skarns:
2 holes in SE Bulago Valley at Funutu's very strong gold + zinc +lead soil anomalism, gold - zinc skarn outcrop zone + aeromagnetic anomaly & Porgera Zone 7 type target (150m)

Three styles of mineralisation: 
Very high-grade gold (to 754 g/t) associated with intrusive/host rock contact breccia and shear zones. 
Porphyry copper- gold -molybdenum mineralisation associated with the stock itself (to 3.38 g/t gold). 
Very high-grade skarn (to 205 g/t gold) mineralisation associated with the intrusives/ overlying limestones

In this market where gold is really hot this can do well... the only concern was cap raise which is about to be sorted.

Cheers