I'Ve posted on Zamia previoulsy as one for the little black book. For those who like to gamble on early-stage gold plays, this one has all the ingredients for a winner. Not a lot of shares out there either and a market cap of only around $4.7million.
Highlights • Further evaluation of the Mount Rolfe Caldera structure and its surrounds has led to recognition of possible indications of epithermal gold mineralisation at several prospects within the Caldera and on its western margin. • Soil sampling west of the old Lucky Break mine site has outlined a distinct gold-silver anomaly in an area where the airborne geophysical data indicates the presence of concealed prospective features. • Soil and rock chip sampling at the Sally Ann prospect has returned promising results with a peak soil sample value of 2g/t gold and gossanous rock chip sample results of 9g/t and 38g/t gold. These results together with ground magnetic data suggest the possible presence of a porphyry copper deposit at depth. Detailed field mapping is planned prior to drilling in the 2008 dry season. • A reassessment of previous exploration data from the Dead Horse Bore area has defined a significant molybdenum anomaly (named Anthony molybdenum target). Mapping and sampling is being undertaken in the current quarter to define a drill target. • At the end of the quarter, eminent consultant Dr Greg Corbett undertook a field review of ZGM’s projects. The review has enabled ZGM to prioritise its targets. • ZGM has applied for two additional EPM Applications totalling about 160 km², enhancing ZGM’s presence in the Central Queensland Gold Province.
ZGM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held