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jj2

1,735 Posts.

18/08/16

16:19

Post #: 18550940
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Originally posted by gamefisherman ↑

STTCOMP NTM, FA Long

Northern Manganese Ltd
Market Cap: $12.89 Million
SP: 5.6c
Shares on issue: 131,386,086 Million
Top 20 = 41.94%

Recently announced that drilling had commenced at their Nambi Project. Results will be added to the existing database to allow for re-estimation of the resource in upgrading to JORC 2012 compliance as part of the overall upgrade and review of the Redcliffe Gold Project. The recent information from RC drilling at GTS has been compiled and consultants have been briefed for engagement to carry out these resource estimation tasks as the next part of this process. Drilling program is co-funded by WA department of Mines and Petroleum to a max $75,000. NTM also did a successful cap raise in early June around $600,000.

According to the company’s website: http://northernmanganese.com.au/

Redcliffe Eastern Goldfields, Western Australia / Gold, Silver, Nickel & Base Metals /
51% Northern Manganese Limited 49% Redcliffe

The Redcliffe Gold Project is located near Leonora in Western Australia’s Eastern Goldfields within the Company’s licence area where previous open pits in the 1990s have produced over 90,000 oz of gold. Current estimated resources stand at 278,000 ounces of gold occurring as a series of deposits along the Mertondale Shear Zone within granted mining leases.

The deposits along with the many other prospects (at various stages of exploration) are considered to hold substantial potential for adding to resources.

Cheers
GF

PS This is not a buy or sell recommendation and as always please DYOR

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In Trading Halt now pending release of exploration results..

Will also report updated resource statement incorporating the high-grade drill results from the recent GTS drilling.

This one been flying under the radar of late..
2 Upvote

0 Great analysis

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