SGZ 0.00% 0.8¢ scotgold resources limited

There is a good summary in the AR of the drilling results so far...

  1. 661 Posts.
    There is a good summary in the AR of the drilling results so far for SGZ but the most important part is this paragraph:

    "The frequency of high grade outcrops in the new and historic datasets, and their alignment with regional structural features, are similar to that at the Cononish Project. This pattern supports Scotgold’s contention that its Grampian Gold Project has the potential to host a number of other ‘Cononish style’ gold deposits, in addition to other styles of mineralization such as the breccia pipes at Beinn Udlaidh."

    So that means SGZ has the potential for "multiples" of its current projected 20K oz AU per year value.

    The drilling results they have so far are too many to list here but if you have a read of some of the astonishing oz/ per tonnes they have been getting in the land around the Connonish it will blow you away.

    Production is estimated Q2 2013 so we have a long time to wait but they have a timetable and there will be assay updates along the way as well. Major funding apparently to conclude by April 2012.

    Now that the initial excitement is over it looks like we have some more sitting and waiting to do but my gosh, the long term outlook is tremendous!


 
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