ANL 0.00% 0.1¢ amani gold limited

original drill program, page-39

  1. 12,484 Posts.
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    Yep RaiderUp

    We are looking at 10 holes distributed within a 250m x 250m square - ..... ALL of which have been extended beyond planned, (3 to rig capacity) due to persistent mineralisation. There are some bounding structures (faults) that need to be understood for follow up for broader extensions (refer map in quarterly)- but being open in all directions, 100Mt of mineralisation looks easy enough in the area of this drill program, with a potential monster on the cards. And as posters have noted we don't need big grade numbers to make it a goer. IMO even an average of 1 g/t Au equiv on these holes will be warmly greeted by the smart money because (as previously discussed) the mining cut-off should be so low.

    IMO - at the very least we are looking at a replicate of the Italian results over the 10 holes, which should make price spike. But if, as it currently appears, we get results that indicate the system is bigger with big potential, then price may run for ages on media, insto interest, future drilling programs, upsizing of potential tonnage etc, etc, as the market cap reflects the continuous revaluation in Balatindi asset value. If that is the case, then PRU will have to play their hand at some point, and as stated no imminent cap raising will protect any gains from being diluted out.

    Back on the original topic of the delay - I'd forgotten about the election that caused site evacuation for a couple of weeks, and lead to the sell-off that I bought in on. Alzheimers already.
 
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