The GAIP survey shows the extent of the opportunity that is being fumbled by not having more rigs and more results sooner in this gold environment just in the Jonction/Toilesso/Bengopan region alone. Every gold developer or producer right now is bringing forward "more gold sooner" strategies and yet here they are swapping a rig out for geotechnical work which is not being replaced to expand upon resource/exploration ounces. In the current gold environment, and with a market cap in excess of $450m, there is literally no excuse for not putting $30-35m+ into the ground every year with the current market cap. Wet season is from June-September so hopefully the Board finally wakes up in 3 months and gets another 2 rigs on site.
Just alone in this area, there's: - 8km of strike between the Tarkwaian Sandstone/eastern Shale contact that is prospective evidenced by the 3.6km of Begnopan drilling
- 6.8km of sheared Tarkwaian Sandstone that is highly prospective, evidenced by 610koz at Jonction and Toilesso East results
- 8km of strike between the Tarkwaian Sandstone/western Mafics, evidenced by prospectivity at Anuiri, Bergerie and now Toilesso West.
Seen companies fumble these opportunities in every commodity, year after year, cycle after cycle.
There's 1km of highly prospective sheared mineralisation between hole 9 and 8 at Toilesso east with the further north hole 11 pending results (1.5km strike if hole 11 hits). Lots of pinch and swell but evidenced by some thicker zones like 25m @ 1.75g/t.
$20m cash by end of June quarter and it's only a matter of months before Lundin/Montage/Zijin comes knocking to join the next capital raise.
(20min delay)