very hard to understand what this company is doing. in a...

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marykegeorge

625 Posts.

127

28/01/16

18:08

Post #: 16888152
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Originally posted by turps ↑

I'm afraid more infil drilling at the mixing zone is required for the resource to be JORC compliant
What they are saying is bogus, and a direct contradiction of what was originally announced. More smoke and mirrors from m'ment.

While the current focus remains on the HGZ mine, there remains potential to increase the current JORC compliant resource of 24Mt at 1.0 g/t Au for 790,000 ounces at the nearby Mixing Zone Project at Crater Mountain (refer ASX Release of 24 November 2011: “Crater Mt – Initial Resource Estimate”. This information was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported. The Company is not aware of any new information or data that materially affects the information contained in that ASX release. All material assumptions and technical parameters underpinning the resource estimate continue to apply and have not materially changed).

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very hard to understand what this company is doing.
in a quarterly report from May 2015 they say they are actually processing gold at that time.
this report says that the comissioning of the equipment will begin when the equipment arrives.
i.e. it sounds like they haven't actually extracted any gold as of yet - yet alone last May?????

CGN Price at posting: 6.3¢ Sentiment: Hold Disclosure: Held
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