Thanks for the info Bob Miner.
The prospects for ABU finding more Gold at depth is exciting, as they they have only drilled to 200m and found that the Gold mineralisation was still open at depth.
The picture below, which was shown at the AGM, is of great interest and importance because it shows a number of prospective sites for more Gold discoveries in the vicinity of Old Pirate. In over 80 square kilometres of tenements held in the Old Pirate vicinity, there are over 30 mineralised sites that show potential for hosting Gold!!
Additional commercially viable Gold discoveries at depth, or in the vicinity of Old Pirate, will be a significant boost to the company's reputation, future prospects and sp.
Then there are all of the other tenements that ABU holds, that also show signs of hosting mineral deposits. ABU will be exploring, drilling, and hopefully mining multiple sites for many years to come, and making large profits!!!
The POG is currently acting like a "dead weight" on the company's sp. When Gold makes its long-anticipated, permanent run above US$1400, then ABU's sp will really take off!
Until then, ABU continues to be an excellently run company, whose positive announcements are adding to shareholder and investor confidence, in the long term viability and wealth creation of the company.
Go ABU!
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very interesting, page-46
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