The possibility looming at Red Mountain for finding a...

The possibility looming at Red Mountain for finding a significant amount of gold looks particularly exciting to me yet to date seems to have gotten little attention on HC. Basically, at Red Mountain, ZNC reckons they may have a Mount Wright Gold Mine look alike. Mount Wright was broadly 1m ounces at 2.7g/t and took the shape of a pencil that went 1km deep while being around 200m wide (see below).

So far, in exploring to a depth of 180m at Red Mountain around the drill hole ZRMRD040, the similarity in the geology points to another Mount Wright. We even get visible gold. Of course, there is a long way to go but ZNC intends in February to drill to around 560m and the results to be announced in late March, early April could be dramatic. I reckon at Friday's closing price of 13c, ZNC represents a worthwhile two month punt. I will stick my neck out and suggest the share price will be well above 13c just before the next results are announced. Let's see.