Top 20 72 %
BSX owns 46.6 % Four Projects Silver Swan South Project
A gold and nickel prospect located approximately 20km northeast of Kalgoorlie comprised of 7 granted exploration licences covering a total area of 45.2km2
- Fitzroy Fault – dominant control on mineralisation at Kanowna Belle
- Gold identified in proximity to the Fitzroy Shear
- EM plates in ultramafic ready to drill
- Historically bedrock poorly tested below transported cover
Along trend of the Silver Swan nickel mine ultramafic
suite
SNAC070: 11m @ 2.92g/t Au from 68m (Black Eagle)
SNAC027: 7m @ 1.3g/t Au from 48m (to EOH) (Black Hawk)
SNAC019: 16m @ 0.6% Ni from 24m (Black Falcon)
Red Gate Project
A gold prospect located approximately 140km north of Kalgoorlie comprised of 1 granted exploration licence covering a total area of 145.2km2
- Similar setting and mineralisation to the nearby Porphyry Gold Mine
- Testing IP chargeability anomalies at Porphyry West, North and East
- Follow up drilling of best historical intersections
- Extend IP surveys as required
Induced Polarisation (IP) survey anomalies correlate to mineralisation at Porphyry North
NPRC55: 10m @ 8.5g/t Au from 9m (Porphyry East)
NPRC030: 12m @ 9.2g/t Au from 8m (Porphyry West)
NPRC115: 13m @ 3.1g/t Au from 8m (Porphyry West)
Middle Creek ProjectA gold prospect located approximately 185km north of Newman and 10km east of the small township of Nullagine in the East Pilbara Region comprised of 21 granted prospecting licences covering a total area of 37.4km2
- 10km Northeast of Novo Resources Corp Nullagine Mill
- Detailed structural mapping
- IP surveys planned over 4 main mineralised trends
- Follow up RC drilling
- No drilling and 4 prospects with +1g/t Au rock chip samples
- Never Drilled
Bull Run Project
A gold prospect located in Baker County, eastern Oregon, USA which has been mined for vein gold since around 1929. The Company has an option to acquire 11 mining claims and a 100% interest in an additional 79 mining claims.
- Claims cover historic small scale mines
- IP to test large disseminated mineralization model
- Drill test +1g/t Au rock chips samples away from historic workings
DDH34-82-1: 20.5m @ 3.53g/t Au from 7.9
DDH34-82-3: 44.4m @ 0.73g/t Au from 10.7m
Including: 22.9m @ 1.2g/t Au from 22.9
Shannan Bamforth is the Managing Director of Codrus MineralsMr Bamforth is a geologist with over 20 years’ experience in the resources industry. He has been responsible for developing the operational capacity of geology functions through organisations focusing on exploration, resource evaluation, technical improvement and mine geology. With a focus on base metals and gold, Mr Bamforth has held corporate roles in companies such as Sandfire Resources, Regent Pacific Group, St Barbara Mines, AngloGold Ashanti, and Acacia Resources.
I met Mr Bamforth on my visit to Sydney for RIU conference and I was super impressed. He is a very capable and a genuine operator .I am confident that He will deliver good outcomes for all the shareholders.
Conclusion
Its an extremely simple story. 4 drill ready Projects. 3 of them are Brownfield projects with Solid Historicals. One Project is Greenfield with Great Nearology. Drilling is planned soon after listing. Excellent MD with Proven track record. 7 Mil EV .Cheap valuation. Tight Capital structure with No seed and BSX ( 115 Mil Mcap ) owns 46 % of the company.
IMO , It will open somewhere around 23c to 28c and With any drilling success It will go above 50c.
GLTAH
ALL IMO
ALWAYS DYOR
