high grade gold, production next q, cap 10m. why?, page-8

I doubt GBM will even know as yet.

As I understand it ..we are looking at an excellent mineralisation result that is at the bottom of an existing mining pit. The pit is underwater and will need to be pumped out first (according to Google Earth). ...and will also need to be widened (proportionally) to enable it to be mined to a deeper level. So although it is at the bottom of the pit ... it also in effect has most of the cover removed.

The processing plant already exists and has been under care and maintenance (for those who can manage the effort to point and click their mouse ...they would see that in previous announcements) so this infrastructure should largely be ready to use. The mine was discontinued when gold was $280.00 per Oz as I understand it ...so should be plenty of meat available with results like this.

If we get further hits -and one would think that it is likely...this will be fantastic.


More later ...Cheers all,

SJB