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Ann: 52m @ 3.65g/t Au in Kusi drill hole 4, page-26

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    From Far East Capital (http://www.fareastcapital.com.au/imagesDB/newsletter/WeeklyComm20May2023.pdf):
    3. PNG strategy delivering results for LCL Los Cerros made a bold move last year when it slowed down the rate of spending on its multi-million ounce Quinchia Gold Project in Colombia, and expanded its capital by 10% to pick up some high-grade gold and nickel opportunities in PNG, along with local management. Its confidence is already being rewarded, with the drill results released last week. The market loves it, judging by the share price moves. Specifically, three diamond drill holes at Kush returned;• 39.8m at 1.85 gpt from 143m,• 7.3m at 2.25 gpt from 160m, and• 52m at 3.65 gpt from 164m.These came from the upper skarn limestone mineralisation,in holes fanning out from one drill platform and building upon a handful of strong, previous drill and trench results. The rig has moved to the next location, a substantial stepout from current drilling to continue with the 18 hole program. Visuals from the first hole at the new platform suggest they remain in the mineralised skarn, some 165m out from the closest reported drill result. According to the ASX release, these results exceeded expectations. It is a promising start to this new initiative.

    Looks like the upcoming stepout drilling could potentially be the gamechanger here.
    Last edited by richardlow: 21/05/23
 
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