Well, no doubt about it, Pearl is dripping with prospectivity -...

Well, no doubt about it, Pearl is dripping with prospectivity - Odyssey, Ford ...and now a third, the Aurora Prospect, looking fabulous for gold.

What's more, as our MD observes:

We are confident that, with further regional sampling, additional prospects will be delineated.

So certainly true that ...

The tenor and quantum of the Pearl Project sampling to date makes it even more amazing that the project has never been subjected to exploration drilling.

Aurora just amplifying the bounty.


The Next Steps

Preparation for the commencement of drilling at the Odyssey and Ford Prospects is well advanced with all permit applications having been submitted to the Bureau of Land Management (BLM) and the Arizona State Land Department (ASLD). Drill contractor selection is in the final stages of assessment before award with rigs readily available for the scope of work at Pearl. The receival of permits are imminent in the coming weeks and a short mobilisation is anticipated to commence the drill program.

This maiden RC drilling program at the Pearl Copper Project will target the high-grade zones beneath the historical Pearl and Ford workings. This program is supported by mapping and high-grade multi-element rock chip assay results. Approval has been given to drill approximately 1,600 to 1,800 metres of drilling to intersect zones of high-grade mineralisation at these highly prospective targets.


So not long to wait.

From a Market Cap of around $4M, with the key commodity prices all looking strong for the foreseeable, and a drilling program fully funded and imminent - I think it's hard to walk past the value here.