Ann: Trading Halt, page-37

Tolga’s top tips

As someone with runs on the board all of this begs the question – what does Tolga like on the ASX right now? The man himself ran through a series of small cap companies he believes are poised to make an impact over the next little while.

Aston Minerals (ASX:ASO)

Aston’s inclusion on this list should come as no surprise to those in the know. Not only is the Canadian explorer making waves with its yellow metal hits at its Edleston gold project in Ontario, Kumova is its executive chairman.

That should take little away from the company’s recent successes following up historical drill results, which have included numerous hits of visible gold in core.

“There’s one hole we drilled which had 35m with gold speckled through it,” Kumova said.

“It’s been frustrating because the labs have been incredibly slow – one of our biggest issues has been drilling holes but not getting the assays back, and not really knowing where the lodes are.

“But we have been guided by visible gold.”

Exploration has been furthered by drilling at the Sirola zone, 1.5km east of Edleston Main, where visible gold has been hit over a width of 500m.

A cross section of Aston’s Sirola zone, showing chargeability inversion model, recent drilling and rock chips. Pic: supplied.

“The deposits on this belt are not small,” Kumova said.

“This is definitely elephant country. You’ve got Timmins 60km to the north of us, which is 71 million ounces, and Kirland Lake to the east is 24Moz. Kerr Addison is 12Moz on this belt.

“Val D’or, to the other side of the Abitibi belt, is 20Moz. When this belt mineralises, and there’s an event deposit, it’s usually very large.”

It’s not just gold potential that excites Kumova about Edleston.

As BHP and Wyloo battle it out for control of Noront in Ontario, Aston has identified a magnetic high structure at Edleston which management believes may be nickel-PGE-cobalt bearing.

The anomaly is more than 5km long and 1.5km wide, and geophysics tracks it to 800m deep. Early drilling is underway.