Baltasar is correct. Further, this strong price run is not about Greatland's Havieron discovery. That helps to some extent but this is about ENR's Tanami ground and Hutches Find in particular. It has a gold arsenic anomaly >6km strike. It's covered with colluvium which is important and looking at published images it has significantly large Au geochem anomalies at >0.1 ppm, or >100 ppb gold. That is a critically important contour as with most gold discoveries, meaning the mineralisation approaches surface under soil cover. Beneath that were very significant past drill results such as 10m @ 5.4 g/t from 123m plus others. There are more Au/As geochem anomalies at locations like Mohave etc in the same structural system. It's a large target area with plenty of strong indicators. ENRs current drilling is what is driving the share price. Well funded too. At Paterson Prov area they have Lamil with a new IP anomaly away from past drilling that showed sulphide sources for Cu/Au. That will play a role later. It's almost a dead cert it's about Tamani for now.
ENR Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
(20min delay)