I don't believe many Companies can report on what they are...

I don't believe many Companies can report on what they are finding with a Market Cap under $10m and EV around $5m

"Megado’s first trenches of the Babicho Gold Project’s second phase trenching program continue to bolster
the tenement’s potential to host a gold deposit of significant size. Trench, BBTR011, has returned a
significant 10m @ 2.04g/t Au (within 30m @ 0.84g/t Au); and BBTR012 returned 11m @ 2.55g/t Au (within
21m @ 1.46g/t Au) and 6m @ 1.75g/t Au. Encouragingly for Megado, visual observations of the other
trenches in the six trench, 1,589m program (see Appendices 1 & 2), note marked similarities to the
mineralisation of BBTR011, including broad zones of sericite altered meta-granodiorite hosting zones
of quartz veining with heavily oxidised sulphides (pyrite). Being that samples must be exported for analysis,
Megado eagerly awaits assays from the balance of the program, which are expected in September 2021."