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31/07/20
09:41
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Originally posted by bevter:
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Classic Minerals have made significant progress in the quarter to becoming a gold miner. Highlights of the quarter include: • a maiden 2012 JORC-compliant Inferred Mineral Resource Estimate at Kat Gap; • completing drill campaigns at three locations at the Forrestania Gold Project; • lodging an application for a Mining Lease at Kat Gap; • commencing metallurgical test work on mineralised samples at Kat Gap, and • advancing mining studies at Kat Gap. A total of 43 RC holes were drilled for a total of 2715m in the quarter. The development of the Forrestania Gold Project will continue to advance in Q1 FY2021 concentrating on: • Extending newly identified, axial planar, high-grade gold mineralisation up-dip and along strike into areas with no previous drilling; • Continuing RC drilling at Kat Gap, north along strike and south along the granitegreenstone contact tracking mineralisation; • Targeting the interpreted plunge component of high-grade gold mineralisation with deeper RC drilling; • Planning exploration on priority regional targets within the FGP; • Advancing all aspects of the mining plan at Kat Gap; • Acquisition of necessary mining equipment for Kat Gap, and • Continuing to raise capital & pay down debt & liabilities to improve the financial position of the Company.
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Lets not forget this also.....Last June..https://www.businessnews.com.au/article/Classic-offloads-nickel-ground-for-tilt-at-gold-play Classic will have revenue stream from nickel deal, gekko plant and so on.... Really cant comprehend why we are at .002 (baffling) Many spec stocks just acquired gold projects jump to 1c instantly....we have gold, and a revenue source coming and still stuck at .002 - ridiculous.