APC apc minerals limited

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  1. 1,653 Posts.
    Last week on the STT thread I posted a map of Attila area which encompasses GOR's growing 1MOz resource. It was a bit of a pigs breakfast to look at and some new info has come in over the week so here's a new version.

    In addition to existing gold deposits I've gone through GPH and BRB's recent announcements and plotted the areas showing significant gold anomalies which are either yet to be explored or in progress. You can see the pattern is pretty clear.

    What I find most exciting from GPH and BRB's perspective is the Yarmana shear. It's host to the most significant part of GOR's resource and clearly trends right along the shear. That shear passes through a GPH tenement right next to Yarmana and then a little further north a significant portion passes through to BRB's Mt Gill project. Both have done recent surveys and identified significant gold anomolies.

    No less significant is the distribution of GOR's other strikes. Not only on the shear but in the vicinity. This confirms the gold is not confined to the shear trend but associated with the general faulted region. The cluster off to the right is the Central Bore part of GOR's resource.

    I haven't had time to update the following figures so they are a week out of date and not based of the latest round of quarterlies but I'll paste them here anyway as a quick indication:

    GOR
    cash: $13m
    MC: $60m
    EV: $47m

    GPH
    cash: $1.7m
    MC: $5.1m
    EV: $3.4m

    BRB
    cash: $7m
    MC: $20m
    EV: $13m



    BRB and GOR are both active in the area right now so news catalysts are certainly on the cards. I expect BRB activity to go into overdrive soon as they have just cleared native title hurdles on 7 of their 8 projects.
 
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