ARX today announced extension of gold results in Baku area.
Can the experts please analyse where this stands.
It sounded good but I am no expert in this area.
Some points from announcement -
Four new trenches at Baku Hill have intersected broad zones of gold mineralisation in quartz stockwork. The best result of 22m at 2.15 g/t Au contains higher grade intervals of 2m at 12.1 g/t Au and 2m at 7.49 g/t Au and is located over 170 metres east of a previously reported continuous channel result of 86m at 2.78g/t Au.
These new results are particularly encouraging as they increase the size potential of Baku and support our interpretation that it may host a large near surface bulk-tonnage gold resource. The identification of Baku East indicates that there are more gold zones to be found in the area
-dc1234
ARX Price at posting:
3.0¢ Sentiment: Hold Disclosure: Held
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