Fully agree with you, Gold Bunny.
Just refer to GLA's ASX release dated 28 Feb 2019: "Diamond drill holes intersect high grade gold at Kroda"
• KDD001: 9m @ 11.5g/t Au incl. 2m @ 37g/t Au and 1m @ 26g/t Au
• KDD002: 5m @ 15.3g/t Au incl. 2m @ 33g/t Au
Regarding GLA's Marymia project:
• It is very small (about 3 x 3km), which means there isn't much room for it containing a large gold deposit (these things have multi-km strike lengths)
• The mapped/interpreted gold prospective greenstone sequences are even smaller (one sliver is c. 1km long; the other has a strike length of about 2 km)
• Both units have been tested, at least through the cover and down to bedrock. Given that large gold systems (if exposed close to surface) commonly have large gold and associated element dispersion halos it is even less likely that this ground will yield anything that is large and open pittable. Maybe there is scope for a deep-sated high-grade gold system that could be mined from underground but GLA would have to be extra lucky for that
It is about time that GLA management stopped wasting shareholder funds and precious time and either go back and explore at the N-Arunta project, which has plenty of smoke over >150km strike length (see GLA ASX release dated 06 March 2018) or find a new commercial project!!!
A disgruntled shareholder.
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