VML 33.3% 0.2¢ vital metals limited

Ann: Vital Metals hits Visible Gold at Bella Tondi, page-38

  1. 661 Posts.
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    Bought in today at 0.009 as this story continues to unfold in a positive way IMO.

    Shallow gold is a known factor already as evidenced by the 20,000 artisanal miners. However, the drilling is also providing evidence that the high grade gold extends beyond the weathered zone and deeper into the fresh rock as shown by the visible gold.

    So they're getting high grade gold from surface and showing signs of it continuing down-plunge. Need bigger widths for this thing to really run but the aeromags have found lots of good structures over 20 km of strike and they should be getting a better understanding of the mineralisation controls with the latest round of diamond drilling.

    With 15 million dollars coming soon from the Tungsten project sale, we have a cashed up little explorer with the ability to aggressively drill a stack of excellent targets. Initial metallurgy also positive.

    Low MC and negative EV. Speculative of course, just need the drill bit and assay results to go our way. Looking forward to the assays and big drill programs ahead.
 
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