Howd'y mate, have riddden a few golden ponies with you of late, am interested in your thoughts (and anyone else for that matter) on GBZ. Pleny of irons in the fire (even a little U308) with the current focus on gold. 50Million block trade today removing overhang of recently released escrow shares. Options expiry (.035) in June current price .014, techincals are turning and volume is up of late. Top 20 hold approx 78% and management have good skin in the game. Cash at 31 March 2016 was $962,000. Listed Activities for the quarter listed below......... potential pump for oppies play???? (disc stock held)
Forward Programme
Forward work program at Mt Coolon Gold Project includes:
o Completion of scoping study evaluating the potential to develop a heap leach gold mine based initially on oxide resources in the Eugenia Prospect area remains on track for the June Quarter.
o Additional drilling to upgrade part of the Bimurra exploration target (refer ASX announcement 21 September 2015) to Resource category will be prioritized and is planned to commence during the June quarter.
o Resource modeling with the aim of developing an open pit resource adjacent to the existing Koala underground resource has commenced and is planned to continue during the June Quarter.
o Drilling targeting extensions at the Koala Deposit which has Indicated Resources of 205,000 tonnes grading 5.9g/t for 39,600 ounces of gold, and the Glen Eva pit which has an Indicated Resource of 132,000 tonnes grading 7.8g/t for 33,000 ounces (refer ASX announcement 27 August 2015) will be planned and prioritized during the June quarter.
