Am expecting an announcement this week or the next to update the market on the status of drilling and any other exploration activities. Now that we have some extra money in the bank, any further drill tests of Victory Bore might be on the table? Charting wise, we are looking near perfect. Hopefully, some strong volume over the next few days can set us up to at least 1.8c/share prior to assay results. Good results/news should then take us to well above that...
I am also expecting drill tests and exploration at Kooline at some point soon. The project has been largely ignored by most but I believe the project is extremely prospective for Lead/Silver, Gold and Copper (and the company is well aware I believe). Victory Bore is no doubt the main focus but I'd be really happy to see some Kooline works underway alongside.
The project appears to have 3 main mineral zones: Lead/Silver, Gold and Copper. There has been elementary rock chip sampling in the past, with the most recent works undertaken by Unearthed Elements at the end of last year - primarily focused on the historical lead/silver artisanal mines (with surface chip grades up to 79% lead and ~250g/t silver from memory). Prior exploration also discovered gold, and considering it was only 'at surface' rock chip samples (of very decent grades imo, see below) - I am quietly hopeful this suggests high-grade material underground. Some geophysics + drilling (likely diamond) will no doubt give us some valuable information about Kooline.
I've found some information and graphics about the project:
- Forums
- ASX - By Stock
- Ann: Surefire Capital Raising
Am expecting an announcement this week or the next to update the...
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