WFE 0.00% 2.4¢ winmar resources limited

Ann: New drill intercept extends Lomero deposit, page-66

  1. 4,793 Posts.
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    Guys

    check the Announcements carefully:

    1. Winmar’s first drill programme at Lomero is designed to search for extensions to the high- grade eastern massive sulphide lens ahead of a new independent resource estimation.

      WFE will start a New independent resources estimations after this drilling campaign so with the latest drilling hole of massive sulphide and another 3 holes (I will explain later), the resources estimation will be 2012 JORC one and I am thinking by adding more gold/Copper/Zinc and lead, we should get at least 600k ounce Au resource Conservatively....

      A lot of Au juniors which has 200k ounce or 300k ounce mineral resources have 40m or 50m Market cap, what WFE will be worth when more holes return massive hits and independent resources estimation out....

      Anyway, check the Ann again:


      three holes (DDHs L17-84, L17-86 and L17-87) have been completed into targets located around the supposed periphery of the eastern lens and one hole (DDH L17-85) has been drilled within it. A fifth hole has now commenced.

      So L17-87 is third hole, and the fourth hole of L17-85 (in the middle of old massive drilling holes of 2LP-36 and LP-01) is still going and Not completed yet...

      And fifth hole L17-88 which further target Massive hit hole of L17-87 commenced drilling yesterday....

      The above are Eastern side, as for western side, it stated:


      In addition to the current hole at the eastern sulphide lens, at least one additional target below the western sulphide lens, 1km west of the current drilling, is being defined for drill testing.

      In summary, don't stress why the 0.6c not got line wiped and why there are 25m sit at 0.5c, based on trading, I am of the opinion that DJC not offload many so there are still lots of opportunities for the sp rising because we should have more drilling and assay news flow in and Gold made a decent gain recently is also a positive factor for WFE.....

      We should see some 100m or 200m trading volume days with sp appreciation soon IMO.

      Don't give up guys.....
    Last edited by xindongzuitaohua: 22/03/17
 
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