The context of this hit is impressive, gold is often associated with base metals eg copper/gold, zinc/gold etc and this area is proven to be be rich in base metals. It's also a gossan which is considered a 'signpost' to what is deeper, so the signpost is saying dig here. There are several world class gold/base metal deposits like Pincher Well. Then we have proximity to the Checkers mill at Mt Magnet. This deposit would not have to be large if high grade and open pit. It may be profitable at just 50K oz au, dig it up and truck to Mt Magnet along established roads all the way. Of course it could also be a monster.
VMC Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
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