Hi all,just some follow-up information and thoughts relating to...

Hi all,
just some follow-up information and thoughts relating to my previous post on this thread.

Finally we have had some guidance from our farm-in partners Drummond Gold (DGO), as to where they intend to start drilling on our exploration leases.
From their announcement on 27/7/11 : 'Four target areas have been identified to have potential for black shale sediment hosted gold mineralisation; Woodvale, Break o'Day, Apollo, and Black Rock. Drill testing of these target areas is to occur during the September quarter.'
I believe all these target areas are to the north of Bendigo.

Interestingly also on 27/7/11, a release from CGT that mentions their Raydarra Exploration Licence EL5266 which adjoins Navarre's Bendigo North project. They refer to NML's 'high grade Tandarra gold prospect' and 'results by Navarre Minerals at their Tandarra project in the June quarter increase the prospectivity for shallow Bendigo style resources amenable to open pit mining.
Previous explorers on EL5266 drilled very few (24 only) aircore holes which were focused on a gravity high underneath the cover sediments. As such, the licence area of 66 square klms is very under explored and Castlemaine Goldfields plans to accelerate exploration on EL5266.'

And to finish, some excerpts from NML's ASX release on 28/7/11.
'Greenfields gold discovery under shallow cover.'
'Geophysics identifies potential quartz reef targets below shallow cover at West Tandarra.'
'High grade gold mineralisation within a corridor of gold and quartz mineralisation of over 7 klm in strike length.'
'$4.2 million exploration program announced for Tandarra with 50,000 metres of drilling planned.'

All very interesting, particularly having the words; 'Greenfields Gold Discovery' associated with 'Bendigo'.
One would hope that we will be hearing considerably more about the North Bendigo area as drill results from multiple companies start to come in.

As it stands, UML's SP reflects only roughly, cash in bank, the value of the Goldstone investment, and profit on about one quarter of current planned annual production from Henty. (Will stand corrected on this bit!)

May the Tasmanian Cash Cow continue to get fatter, the Goldstone chart continue on its upward trajectory and fingers crossed, maybe a little 'North Bendigo Greenfields Upside' factured into the share price as well!

Where there is drilling, there is hope!
Good luck to us all.
Audacious.