lcy gold rush

By the look at Gold exploration, LCY is more advanced and has at this stage a better JORC result compared to HAW that need to catch up...

IMO, both LCY and HAW have a potential in the making of $$$ if gold price keep raising..

I believe LCY has slowdown the exploration of Gold projects around mid 2010 as it coincided with the farmin exploration of Mt Bevan, which has a better priority... Note in Dec 2010, LCY completed A 3,100m RC drilling program at Mt Celia..:

- INFERRED RESOURCE INCREASES BY 34% TO 121,454 Oz GOLD
- SCOPING STUDY IS PLANNED TO INVESTIGATE THE OPEN CUT AND UNDERGROUND MINING POTENTIAL

Now that LCY owned 60% Mt Bevan, and coupled with an increasing gold price, which provide a renewed focus on gold exploration...

LCY JORC reported for Gold:

- Inferred JORC resource for Blue Peter prospect = 239,232 tonnes at 3.97g/t gold (30,554oz gold).
- Inferred JORC resource for Kangaroo Bore --> 46,000oz gold
- Inferred JORC resource for Yilgangi deposits --> 44,900oz gold

So total for LCY = 121,454 ounces of gold

HAW has reported JORC compliant Indicated Gold Resource at the Anglo Saxon within the Trouser Legs Joint Venture Project (HAW 70%, Gel Resources 30%) : 304,316 tonnes @ 2.57 g/t Au for 25,121 ounces of gold

So total for HAW and GEL Res = 25,121 ounces of gold

And we're waiting for result from 1,020m RC drilling program completed AT YILGANGI GOLD PROJECT..

...COMPLETION OF DRILLING AT YILGANGI GOLD PROJECT
- 1,020m RC drilling program completed
- Objective to extend gold resource to depth and along strike
- Assay results expected end of August

The Yilgangi project lies within Legacy Iron’s extensive tenement holding in the South Laverton district. The South Laverton tenements lie along the Keith Kilkenny Tectonic Zone ('KKTZ') and the southern part of the Laverton Tectonic Zone ('LTZ'). These structures host numerous major gold mines, with the LTZ in particular hosting gold
resources of some 20 million ounces..

LCY has a potential for gold by the look at the tenements, imo:

Gold projects at
1. South Laverton (see map tenements...and it's not small)
2. East Kimberley