I'm intrigued that they mention how the anomalies are similar to the ones around the Plutonic Gold Mine to the north, but don't actually show those Plutonic anomalies on this aeromag picture. The aeromag the other week did actually extend up to the Plutonic Gold mine to the north of E52/2480 & E52/2482.
The most exciting part of the announcement though, is that they are expecting the tenements to be granted next month, so they will actually be able to get on the ground and get some samples to analyse!!
Their 4 February announcement says that they have to spend $500K in the first year after grant, so I'm guessing people on the ground as soon as it is granted collecting samples to firm up the targets and then a small drilling program within the next twelve months.
As I said the other day, the pretty colours on the aeromag are all well and good in helping you to know where to look, but it's when things start happening on the ground that people get really excited!
ARO Price at posting:
0.7¢ Sentiment: LT Buy Disclosure: Held
