Well of course we all knew this, good to see Catalpa mentioned, must be on a few instos radar by now.
Cheers Dossa
The high price of gold is fuelling a surge in exploration activity in WA. (Perth Mint)
Map: Westonia 6423 A West Australian resources analyst says the strong gold price is helping to fuel a surge in the state's junior gold mining sector.
New miner Catalpa Resources is advancing plans to re-open a gold mine in the Wheatbelt town of Westonia which has been closed since the 1980s.
Resources analyst Alex Passmore from Patersons says the trend is showing up across the board.
"The short term future is fairly bright, the $1,200 per ounce gold price is a strong price and there are many operations that are profitable at that price and you are seeing several other companies open older operations," he said.
CAH Price at posting:
$1.16 Sentiment: Hold Disclosure: Held
