GNM 0.00% 1.2¢ great northern minerals limited

Ann: Morabasi Field Work Commences-GPP.AX, page-344

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  1. 6,048 Posts.
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    I said on my post #:20227817 that the news due for the next week could be as below. So we can expect a trading halt at any time of course.
    1. Further project updates and photo reports ( as said on the latest anns)
    2. Completion of due diligence on Morabisi project to the satisfaction of GPP
    3. Execution of option agreement for 4 staged earn-in to the Morabisi Project with GSM (Guyana Strategic Metals Inc. a private Canadian company)
    4. Award of reconnaissance licence to GSM by Guyanese Government. (GSM has lodged an application for a reconnaissance licence with the Guyanese Minister of Governance & Natural Resources and Environment)
    5. "Assays to follow shortly after in first half of November 2016". This was said on company anns. "Morabisi Lithium Project Update" on Oct.17.  
    It was also said on company anns. "Morabasi Field Work Commences" on Oct.27 (a week ago)

    "As previously advised the initial field program is designed to:
    1. Promptly evaluate the potential for high grade Spodumene within the hosted LCT type Pegmatite known to exist
    2. Collect suitable sampling material for assay confirmation
    3. Explore the broader Project area to delineate the prospectivity of the Ring Dyke
      systems and 40km pegmatite network
    The program duration is expected to extend over the coming weeks, and the Company is aiming to provide on-going updates to the market though this period."
 
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