Solid initial assays (from 5 holes of 32 returned) with 27 more to come over next two weeks at Goodenough. Then there are results from another 21 holes at Gigante due by end of month. Then besides the WA project they have another project in Qld. A bit to interest any trader/investor.
"The program was expanded to 32 holes of drilling for 3704m, including 2 holes for 236m drilling at Goodenough. The results of the Goodenough work will be the subject of a separate release later this month." <page 4 of todays announcement>
"A total of 21 holes for 2278m of drilling were completed at Gigante, generating 1615 samples which have been submitted to MinAnalytical (Kalgoorlie) for assay." <page 4 of todays announcement>
"In Queensland, the company has a 12km2 Mineral Development Licence over the Mount Mackenzie Mineral Resource and retains a further 15km2 as an Exploration Permit. These Development and Exploration Licences are in the Connors‐Auburn Arc and are prospective for high, intermediate, and low sulphidation gold and base metals mineralisation. The current resource has been estimated at 3.42Mt @ 1.18g/t gold and 9g/t silver for a total of 129,000 oz gold and 862k oz silver. An initial scoping study for the project shows a positive net $63m of free cash excluding any option to produce a concentrate from the primary ore." <page 8 of todays announcement>
