• Ampella Mining continue to show value with the announcement of new high-grade, wide zone intersections at the Konkera project in Burkina Faso.
• Most companies would give their back teeth for these results and in normal market conditions we would expect these figures to have major positive impact on the stock.
• Konkera already has a 3.1moz gold resource consisting of 30mt grading at 1.6g/t for the first 1.5moz and an Inferred Resource of 31.8mt grading 1.5g/t for the remaining 1.6moz.
• The results are from infill drilling and should upgrade the quality and quantity of the known resource considering the high grades and good widths seen in the intersections.
Drill results highlights
• 31m at 3.02g/t gold from 271m (Konkera North)
• 15m at 9.95g/t gold from 168m (Konkera North)
• 11m at 8.57g/t gold from 69m (Konkera Main)
• 32m at 3.26g/t gold from 73m (Konkera Main)
• 37m at 2.57g/t gold from 99m (Konkera East)
• 11m at 7.57g/t gold from 86m (Kouglaga)
Conclusion: We see these results as showing new value for the Konkera project. We expect the company to complete its BFS study on the oxide ore either later this year or early next year and for the study to highlight the value of the project to investors.
Full article at link, I've only pasted the highlights.
My comment:
World class deposits tend to do this...
They get bigger and better during infill drilling!
As the geo's learn more about the structures and styles of mineralisation, the drill results , grade and size tend to keep improving as they drill out the best parts more extensively.
And then there's the other 125km....
This is exactly what potential suitors want to see also !
This is what the majors were interested in with andean and redback....potential for more and more.
Amx is chock full of potential for more
AMX Price at posting:
54.0¢ Sentiment: LT Buy Disclosure: Held
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