OGX 0.00% 0.3¢ orinoco gold limited

G'Day Q-Based on logical Ann pending time frame- its a bit early...

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    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
    Last edited by Saltiga62: 15/08/18
 
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