Just coming off the back of a cap raise, a floor of 2 cents has...

Just coming off the back of a cap raise, a floor of 2 cents has been set.

Located in the DRC the Maniema prospect lies directly next door to Banros multimillion ounce Twangiza deposit which has been likened to the Ashanti Gold Belt in Ghana.

How many ounces 5.6 million.

It's not chickens feed, and it's not inferred that's measured and indicated.

Laying directly east of Erongo's prospective 930km2 ground is another of Banro's deposits the Namoya deposit set for first pour some time this year.

So it's fair to say there's gold in the immediate area.

Erongo has just completed a 10 hole drilling program designed to test grade and width over 800m of mineralised structure Kabotshome prospect.

Previous hits from KBD07 in july of last year included intersections of;

- 20.25 metres at 2.5g/t au including 8 metres @ 4.08g/t au
- 21.7 metres @ 3.58g/t au including 5.7 metres @ 8.74 g/t au.

With more results to come and solid indicators of a mineralised structure, this is an opportunity to get into a world class gold region at ground level prices.

Some more quality gold intersections should see this fly.