G'Day Q-Based on logical Ann pending time frame- its a bit early to call
VWAP- average s/p time relevant pre C.R Ann as their is likely to still be significant
news flow of market updates.
Exploration results near term or underway .,
Antena -DD holes only received 3 holes thus far inclusive of 21.7 mt intersection
at 4.49g p/t -9 Inc of 10.2 mts at 7.74 g p/t from intended 10 hole program.
Tinteiro-Second round rock sampling program of IOCG - multi element potential,
Between 2013 and 2014, 567 chip samples were collected along the trend, where several anomalies of Au, Ag, Cu, Co, Ni and W were identified, associated with the gossans and breccias.
Several samples returned grades up to 1.2% of cobalt, 0.39% of copper, 0.56% of nickel,
23.9 g/t gold and 4,234 g/t silverfirst round inc 3 sample of 1.54%,1.65% ,1.75% Cobalt -Nickel, Copper ,Gold, tungsten & barium.
Eliseo-Bulk sampling program-Conglomerate gold target located 40 kms north of
Cascavel with 15km strike and open pit target.
Pit sampling with previous drilling results by Western Mining including
33m @ 4.22 g/t Au.thought to have significant strike.
Sertao -: Previously mined (2003-2006) as a shallow open pit by Troy Resources with historical production of 256 koz at an average grade of 24 g/t Au.
Shut down when the gold price was approx 75% lower than current POG with potential restart with mineralisation in pit and down dip a D D program currently underway testing for continuation of mineralisation at and in the near vicinity of high grade open pits-with new I.P Anomaly identified.
Cascavel's current Production Rate unknown .
Will we have a C.R event ATM one would say probable -though not an absolute
certainty due to mining the intermediate zone.
Due to the exploration results outstanding and the share price action over recent day's
any C.R -event should it become an eventuality will likely be higher than the current s/p
how much higher is unknown & will depend on results outstanding .
Lots to play out as yet .
imo-gltah
salt
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