Quoted from the SBR forum:
"For nearology lovers, the underexplored Younami province in Western Australia is the place to be.
Nearology puts a big investor spotlight on explorers within cooee of a huge, company-making mineral discovery.
- Scroll down for more ASX gold news >>>
Spectrum Metals (ASX:SPX), Rox Resources (ASX:RXL),andVenus Metals (ASX:VMC)are currently enjoying solid exploration success in the Youanmi.
Share prices tell the story. Spectrum, Venus and Rox are up a respective 2000 per cent, 85.7 per cent, and 275 per cent over the past six months.
Yep, you read that right –2000 per cent.
So, it’s a smart move for $4.4m market cap graphite playMetals Australia (ASX:MLS)to dust off the Manindi project, less than 5km from Spectrum’s high grade Penny North discovery.
“Our Manindi project is surrounded by Venus Metals and Rox Resources and is located less than 5km from the Penny West North gold project owned by Spectrum Metals,” Metals Australia director Gino D’Anna says.
“This area has undergone significant transformation and is understandably attracting greater interest due to its potential to host significant high-grade gold mineralisation.
“We will commence a geological mapping and prospecting campaign on the tenement package at the Manindi Project to review and evaluate the potential for high-grade gold mineralisation, similar to other discoveries in the Youanmi gold district.”
Oh, and Metals Australia is already up 34 per cent (and counting) in early trade."
