CWX 0.00% 11.5¢ carawine resources limited

GOLD AUD $2352oz -STRONG BUY here

  1. 13,355 Posts.
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    CWX such a ripping great buy at these levels just look at some of the facts here

    -$6 million Paterson farm in and joint venture with fortescue

    -$6 million Paterson farm in and joint venture with Rio Tinto

    -joint venture with IGO over the Red Bull, Bindii, Big Bullocks and Similkameen tenements (the Fraser Range Joint Venture). IGO are managing and operating the joint venture, they currently hold a 51% interest and can earn an additional 19% interest in the tenements by spending $5 million by the end of 2021

    -HILL 800-Gold hits like 93m @ 3.22g/t, 31m @ 6.64g/t, 49m @ 2.54g/t, 43m @ 4.24g/t, 10m @ 5.66g/t At the Hill 800 Jamieson project. Extension drilling commencing Q4 2019

    • New Porphyry copper-gold targets  ~200m to 600m below surface  Detailed heli-mag survey complete  Drill testing expected in Q1 2020

    • Rhyolite Creek – zinc, gold, copper  1.4m @ 15.6% Zn, 7.4g/t Au, 113g/t Ag from 223m (RCD001)  Drill testing planned for Q2 2020

    Just to name the main assets>>> now end of DEC CWX had 3mill in cash giving EV~$12.45mill !!!!

    2Q20 CWX is investing $900k into exploration with low running costs of only $220k Wages+admin
 
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