poz has a nice little gold project.
drilling planned to start mid november. Some very good shallow historical drill intercepts exist that haven't been mined. Probably also hasn't been any drilling at depth.
Including
7m @ 67.5g/t
20m @ 5.2g/t
8m @ 13.1g/t
12m @ 5.6g/t
7m @11.3g/t
9m @ 4.1g/t
26m @ 4.3g/t
"The Cable-Drogue-Bollard line of historic workings and open pits is a significant area of
previous mining which was last worked in 1993 when the gold price was around
US$330/ounce. There are considerable amounts of known, shallow gold mineralisation
surrounding these historic mines"
"The Board is looking forward to the upcoming drilling campaign at the Tuckanarra gold
project, and is excited by the potential of that project. Tuckanarra, with its shallow, fully
oxidised mineralisation, good historic grades and proximity to existing gold plants has the
potential to launch POZ as a regional player in the Murchison goldfield."
more info in the latest quarterly.
market cap(7-8mill, 3.4mill cash).
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