Ann: Drilling underway at Duketon Gold Project, page-4

GREAT SOUTHERN MINING (ASX:GSN)

Trading at 1.7c mid-week a share for a market cap of $14.3m, GSN is working away at its Duketon gold project in WA’s Eastern Goldfields.
It has a bunch of advanced prospects which could quickly build a significant resource in what is a record gold price environment.
But today’s interest is in its Edinburgh Park project, 130km south-east of Townsville, which is prospective for gold-copper porphyry mineralisation as well as epithermal gold-silver-copper mineralisation.
South African gold giant Gold Fields likes the potential so much it has signed up to earn up to a 75% interest by spending up to $15m, as well as taking a 4.5% placement of shares in Great Southern.
The partners got busy with geophysics last year and drilling is expected to start in the back half of this year.
It can be suggested that the company’s current market cap is justified by its Duketon gold project, where expected strong newsflow could change things in a hurry. That means the market is giving no value for the Edinburgh Park project.