G'Day all-Note :after ASX Ann ENDS page their are 4 more explanatory pages last page bottom .
Quote-Further work-The company is currently programming 10 new bulk samples to be executed in the next 30 days.
Quote-Page one of Ann-Anglo were on site last week for 2 days undertaking further due diligence activities.
Results of these activities will be released at a later date.
Couple of additional comments
Quote -Samples are collected with a backhoe and have an average weight of 15 tons each.
They are then trucked to the Cascavel Process Plant where they are processed.
Some delays were experienced with the use of the Gekko processing plant due to the nature of the Eliseo ore and the limited ability of the Gekko plant to handle multiple element ore types.
So this clearly is considered a high priority-to interrupt processing at a time when every bit of gold as revenue is needed.
Why because Anglo is interested 15 km's of strike at surface -bulk tonnage low strip ratio scenario-ideal for Anglo & or us in a J.V.
They know it-they are conducting Du Diligence have their reps evaluating & 10 new samples that would have been taken awaited results
its likely these 10 additional bulk samples site sampled were taken from area's at Eliseo with Anglo Geo's involvement/ considerations.
As i have always said as good as Cascavel appeared/ appears-its NOT the bigger picture -Real value lies with the tenure.
When/ If Anglo steps up & offers a J.V.-with OGX they will be thinking along the lines of at least a one million more likely 2 million tonne
per per year processing plant-BUILT on site at Elisio -this is the economy of scale necessary for healthy return on monies invested Capex .
Watch this space.
imo
gltah-salt
