IIG integrated investment group limited

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  1. 623 Posts.
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    Important to do your own reasearch but Lyndon Station Exploration Lease for the previous owners expired and IIG picked it up eg they have applied for it.Previous owner could not afford to do anything with it so they let it lapse, this happens a lot. It will be granted to IIG in the ordinary course, probably 3 months from now. Once EL is granted IIG can go on site and take surface samples and prepare a drilling program. If you look at historical info on this EL they note it is nearly 30 km2 of a high grade quartz reef system with average sample reef grades very high @ 101 g/t that 3 onces of gold per ton of quartz, very high.This site was mined by trenches down to 9-10 meters in the 60's with I think several hundred onces being taken out from memory, don't quote me.The property has never been drilled. Now we all know that quartz veins usually run at depth in volcanic zones so play here is I suspect to drill it to see how far down quartz veining which appears at surface goes and also to see if there are quartz veins below not appearant at surface. So to answer your question it will be probably a few months before surface samples are available on Lyndon. If you own at 3 cents be patient if you don't own but cause its a steal at these prices. With AGM coming up we might have more interesting news so suggest you go as I did last year. In my view you might get 50,000 onces of gold out of Lionel's but Lyndon could be substantially larger. Remember these are just my opinions and do your own research. You can get heaps of info off the net and off WA department of mines who have a very good website with all exploration data done to date on any lease they grant. Don't listen to the people making uninformed posts do a bit of digging yourself, its easy with no bull
 
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