Thanks O- for your comment ... but in the case of gold exploration investors "sober" won't do and with sober approach Australia would not have Ballarat, Bendigo Gold Boom=classy Melbourne and Karlgoorlie Super Pit, etc... so one night "ecker" had his dream (20 mln oz) but we all know the long and exciting history of Mt Charlotte gold mine which produced in over 50 years over 5 mln oz starting from scratch and the most exciting question is the resource below 200 m: http://www.abc.net.au/local/stories/2013/11/08/3887212.htm
And the company is following the plan:
"Mount Charlotte style within Boorara GoldfÏeld . Mineralised zones are sheeted veinlet arrays in dolerite and stratigraphy understood . Moderately North West (Nw)-dipping quartz-carbonate-sulphide veinlet affays with iron-carbonate alteration halos-idenlical to Mount Charlõtte - . Drilling orientation designed to intersect maximum veinlets per metre (-60" dip/l15" azimuth) in dolerite Drilling Program Sequence . Intend to spend up to A$10m on the Boorara project in the next L2-I8 months r þ'ocus on the Southern Stockwork drilling every 40 metres along strike-use diamond drilling below 150 metres downhole and infill with RC o possible 1500 metre strike length covering 3 known deposits . Commence additional gold recovery test work and geotechnical drill holes o þxploration potential to the NW trend extended by recent Rotary Air Blast/mapping - should be continued to end of property o prepare targets on the NW tenement package of some 20 kilometres"...
Dream is alive!/v/
MRP Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
