The 540koz Au starter pit @ 1.23 g/t Au is something many ASX listed gold companies would kill for... This is a major positive for me.
We are into the 1.5m Au to 2.0m Au category here at Tesorito which is very good and this resource estimate now makes LCL a viable M&A target for midcap gold miners. Then throw in Miraflores high grade breccia ore for free....
Of most interest to me in this press release are the 3 drill rigs at Ceibal. Clearly they are drilling the magnetic highs to the North and South of where they drilled originally which is where there is likely to be the porphyry core(s). Remember the potassic alteration process often generates magnetite and LCL completely missed drilling these magnetic highs last time round. If they hit the money at Ceibel then we are off to the races again....
I bought another 250k shares today because this is dirt cheap and intend to play Ceibal drill results + Kraken (the "blob") in April/May.
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- Ann: 1.3Moz Resource at Tesorito grows Quinchia to 2.6Moz gold
Ann: 1.3Moz Resource at Tesorito grows Quinchia to 2.6Moz gold, page-57
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