CRITERION
Tim Boreham
Gold Anomaly
(GOA) 2.2C
UNVEILING a 790,000-ounce maiden resource for its Crater Mountain project in PNG, Gold Anomaly chairman Greg Starr crowed that the deposit had the "potential" to be PNG's next major gold discovery.
Them's fighting words and more drilling needs to be done to expand the resource, currently based on 24m at an average l gram a tonne. We rate the stock a spec buy if only because PNG gold whisperer Peter Macnab found both the Lihir and Wafi Golpu deposits (now owned by Newcrest).
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