Hi all, this is about highly prospective ground adjacent to promising geological work done to date. This covers cross over tenement issues of recently known mineralization ahead of actual discovery of anything economic. That just means this is early, "strategic" and sensible. They have no doubt studied the acquisition targets and found them worthy of this move.
The tenements would have been stranded for the current owners. No other company would be interested yet thanks to the early vision which may or may not be successful. This suggests the work in the area tells very senior geological consultants and this team and the management that they are onto something. Look at the position of the prospects, faults and recently named prospects!
This is not earth shattering news; BUT it signals something about the area of Mangaroon that this company had the wit and vision to secure. Their influence continues to grow. More good news to follow I am sure.
DYOR CW
DRE Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
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