Just a few observations about the interesting recent announcement.
Management seem to be interested in the following items.
1 Roading. The maps are getting better, so they obviously think something is getting done and at the very least they see roading as a big item.
2 The geochemical mapping may potentially be a driver in where to drill in the future. They obviously are interested in deeper seated mineralogy to test the assumption of bigger grades at lower levels. IMO they should concentrate on a few gold bearing veins near the bottom of the valley bellow the Saki camp. Drilling depths are not excessive there. If they are successful, that will potentially help them with the other prospects.
3 Saki prospect is most likely to start out the drilling. It is at a relatively advanced stage compared to other prospects.
What wasn't in the announcement is how much longer they are willing to wait to start drilling. This is impacting the SP.
Will they wait for
1 Work commencement or completion of the roading.
2 The decision on the Tolukuma ownership.
3 A decision on the 1st drill hole locations. Are they going to go for safer, juicier, faster closer to the surface targets close to previous for some JORC infill or are they going to risk drilling new areas or deeper drilling to broaden resources and test the geochemical hypothesis. IMO they should have 2 or more drills and start with getting some runs on board with the safer locations. Then release 1 drill to do some deeper seated drilling near the valley floor. Whatever they do, they really need relatively close to the surface resources.
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- Ann: Saki Target Areas Identified from Geochemical Modelling
Ann: Saki Target Areas Identified from Geochemical Modelling, page-18
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