Golden drill results

Transfind and Trojan

With baited breath we wait.
Early May....... That's tomorrow
So expecting results this week or next.

Exert From
http://www.**************.com/wa-gold-stock-targets-near-term-production-cobalt-upside-back-pocket/
The Trojan Gold Project provides OVR with a prime opportunity to generate significant cashflow in the near term.
Historically, approximately 130,000oz of gold was mined from the two open pits within OVR’s project area. 2Mt was mined from the Trojan open pit at a grade of 1.97 g/t gold (for ~125,000oz of gold) with mining completed in 2004.
Whilst approximately 31,000 tonnes of ore was mined at the Transfind open pit between 1991 and 1992 at the higher grade of 4.9g/t gold (for ~4,900oz of gold). The previous operators left plenty behind here, with OVR quoting a pre-mining resource at Transfind of 69,000T @ 5.7g/t Au for 12,650 oz of gold – although remember only the 4,900 oz was mined.
The Transfind pit reportedly closed prematurely due to a variety of factors including the gold price at the time, an in-pit slip, and some issues with historic workings.
This left remnants of the high grade resource behind that could easily be mined today, including hits like 3m @ 343 g/t in an unmined area.
The last time Trojan coughed up any gold was in 2004, back when gold prices were in the $425/oz range.
Approximately 145,000oz of unmined gold resources remain both below, and along strike from the Trojan open pit.

This is with none of the quoted resource attributed to the Transfind pit area, with its high grade and high potential for rapid resource expansion. Even a quick back of the envelope calculation suggests the Trojan Project has plenty of tangible gold which could generate cashflow for several years, depending on the rate of production.
From The Trojan Project you can even see and hear the activities at the currently producing Majestic open pit operated by the $300 million capped Silver Lake Resources (ASX:SLR). This is part of the Daisy Milano – Mt Monger operation.
On top of the indicated and inferred resources, OVR has over a dozen priority exploration targets which will be summarily drilled and hopefully added to its Resource inventory. The northern part of the licence is so under-explored it isn’t even assigned a target name yet, but blue sky potential exists north of these known targets.