The ASX limits them in what they can say unfortunately."After having a brief look at the past operators of these 3 mining leases and the fact that they were heap leaching oxide and must have always been chasing shallow oxide gold and ignoring everything refractory, I can see that the mining operations seemed to coincide with record low gold prices in the mid to late 1990s. Looks like they have literally been scratching around on the surface for oxides for the last 35 years and no-one has thought to testing for the possibility that there is a Mt Leyshon or a Fosterville underneath."
Yes, and the eighties. as well, $200-300 oz gold and no one was prepared to drill below 40 odd metres. There are other developments in the area that I am aware of (privately held) which look like having a similar story. IMO, that means two things; the strike at Camel Creek could well extend quite a bit yet, and, even if they only get up a few 100K ounces they will be able to team with others with similar possibilities. I suspect the area is going to get going again but this time based on the refractory ore in the region.
Really looking forward to the deeper program they are hinting at for July.
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Open | High | Low | Value | Volume |
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1.5¢ | 34299 | 1 |
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5 | 1825000 | 0.012 |
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Price($) | Vol. | No. |
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CODEIFAI LIMITED
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