Ann: New Zone at Camel Creek Delivers High Grade Gold Results, page-87

No 4 on the most volume traded today (3rd day in a row of very large volumes).

I agree, all those who wanted to exit (eg made a good profit on the CR) have very largely exited.

It's cheap on fundamentals.

Just hope they can meet their timelines re next drill results - "by the second week of June"....

Then re a resource for Camel Creek:

"On completion of this campaign and receipt of final assays GNM will plan a follow up program aimed at testing further strike extensions and down dip continuity to be followed by an initial resource estimate later in the year."

Don't know how many rigs they're drilling with, but I'd like them to up the ante re drilling , maybe a second rig - after all, there's drilling at Big Rush to follow up on, and the 3rd prospect, Golden Cup has not received a decent drill program as yet....

Key points:

• Heap leach processed approximately 200,000t @ 2.8 g/t Au for 18,000 ounces with production finishing in 1993.
• Ore extracted from 9 pits over a 1.5km strike length with an average pit depth of less than 15m.
  High grade gold intercepts confirmed beneath open pits
  Ø7m @ 23 g/t Au from 32m (GCRC028) &
  Ø18m @ 8 g/t Au from 42m (GCRC030).
  
  
• Mineralisation remains open at depth and along strike.
• A gold Exploration Target of between 50,000 – 132,000 ounces per 100m of vertical extent has been estimated for Golden Cup.
• Use extensive historic drill hole database combined with modern data confirmation and validation to estimate a JORC-compliant Mineral Resource.

Hopefully, the next CR will be done at considerably higher prices!

Management needs to get on the PR train.

If these results were coming out of the WA goldfields, the share price would be three times (or more) higher already! (imo)