GUE 1.14% 8.9¢ global uranium and enrichment ltd

DON'T FORGET THE GOLD, page-10

  1. 1,217 Posts.
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    Well, I'm a realist, so I take on board negative as well as positive information about companies which I hold, but I haven't been able to find anything negative about Enmore or its neighbour Hillgrove. In fact, everything appears to be very positive.

    GUE/Okapi bought Enmore from Providence Gold in January 2021. There was already an extensive data base regarding the gold which extends from surface, and appears to improve in grade at depth. GUE's drilling in 2021 returned assays of 174M @1.83g/t from surface, 100M @ 2.34g/t from 59M and 3M @8.86g/t from 171M.

    2 holes drilled in 2022 both returned high quality gold over significant width including 4M @ 20.6g/t from 92M and open at depth.

    Stibnite/antimony is mentioned occasionally, but it does not appear that anyone was looking for stibnite in the earlier results. They were just interested in gold.

    The latest ann from LRV today suggests that the nearby Hillgrove deposit will double its current 1.4Moz AuEq, and Enmore might well become another Hillgrove.

    I haven't been able to find anything to suggest that water run-off will be a problem at Enmore.
 
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