Only 3/11 assays received for the follow up holes at Bifrost and already 2 of them have showed high grade gold and promising mineralisation.
In November I said it would take 6 months to set this project and I think the team have executed every stage of exploration perfectly. Now we are not just looking for regions where gold could be rather finding the exact pathways in the region where we know the gold is. Julian is doing some of the best geo work in WA and it is starting to show. At any moment now price will reflect the current conditions and with continued results and further discoveries we will see a steady increase in mcap over the next few months
They seen value when gold was ~ $4000, it's now more than 25% up. They have almost $4m in cash funding plenty of exploration, mining estimates etc.
This is the first set of results that really confirm that we are on top of a reasonable gold deposit and possibly a large one.
VKA Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
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