Pretty exciting opportunity and based on the recent successful IPO of Siren Gold (SNG) just down the road with a MC of $25m I am glad I got in @3c per share when the cap raise works out to be @2.857c per new share issued pre-consolidation.
Field work to start in a few weeks and a pretty bust 6 months planned
Bendigo-Ophir Gold Project:
Previously produced 300,000 Oz Au at a grade of between 30-180g/t.
Prior to 1994, was the region’s largestproducer of gold ounces.
InferredMineralResourcesof252Koz(Uncut), open pit potential.
Significantly under explored by modernexploration methods.
Program will comprise 39 holes totalling 4,460m (3,260m of RC and 1,200m of diamonddrilling).
Drilling will focus on resource extensions including the drilling of untested potentialhigh-grade gold corridors.
Priority is to extend the existing Inferred Resource base of 253Koz gold reportedaccording to the JORC Code 2012.
Works program to also include mapping and geochemical sampling of several regionalgold targets.
benwex
SMI Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)