RM Research released a very bullish report for GXN yesterday. Should see results anyday for RAB and BLEG drilling.
Has bounced off recent lows with announcement sending shares up 25%
"What excites RM Research is the fact that GXN is in the early phases of exploration on JRGB which could in fact represent the “6th gold rich shear zone in the world-class Yilgarn Craton”."
"the Company has conducted a 6-8 week 3,000 metre RAB program. In addition, a BLEG program has covered around 35km2 of a previously untested area and anomalous gold values from a previous BLEG program. The Company is awaiting the results of both programs. All up GXN is synthesizing 575 rock chips, 7,300 soil samples, 970 vacuum holes, 10 diamond drill holes and around 60 RC holes. Detailed mapping is also underway at a number of the projects. At a market capitalisation of just A$2.5 million, GXN is a tremendously leveraged gold play."
