Its Out and its Brillant, page-68

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fightinggreed

706 Posts.

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24/01/15

13:12

Post #: 14635600
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Originally posted by wubing ↑

Tim, There is a very exciting RESOURCE AND RESERVE DEVELOPMENT:
Duckhead Main Lode – Drilling intersected wide zones of extremely high grade gold
mineralisation extending outside of the current open pit limits with results up to 28 m @ 266.8 g/t
gold including 5 m @ 1,467.3 g/t and including 1 m @ 6,844.6 g/t.
 Duckhead Main Lode – Potential open pit cutback at Duckhead Main Lode is being assessed and
will be completed in the 2015 dry season to liberate an additional 35-45,000 ounces of gold.
 Duckhead Mine Corridor – Systematic aircore drilling has identified a significant new gold
anomaly named Goosebumps located 500 m east of the Duckhead open pit. Auger results up to
1.4 g/t gold bottom of hole and up to 13.5 g/t gold in re-sampling of a nearby iron ore diamond
hole.
 Tucano Mine Corridor Oxide Targets – Several shallow oxide open pit targets were drilled,
returning highly encouraging results at the Gap (24 m @ 5.7 g/t gold), Tap C3 North (26 m @
2.6 g/t gold), Tap D1 (19 m @ 3.8 g/t gold) and a new Urucum Lode (9 m @ 9.3 g/t gold).
 Urucum Underground – An approximate 10,000 m pre-feasibility resource delineation drilling
program has commenced with the first hole intersecting 11.9 m @ 7.3 g/t gold including 4.6 m @
19.1 g/t gold.

And a few other highlights not been released to the market until this announcement. The market indeed did not take these exciting news into account or more or less was manipulated yesterday. Lets see how this will play out.

Expand

Actually all the duckhead part of the above was released to the market on 8 Jan.
All of the Tucano and Urucum part was released to the market on 13 Nov.
Cheers,
Tim.

BDR Price at posting: 34.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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