EKM eleckra mines limited

multi million ounce resource potential!!!

  1. 2,239 Posts.
    lightbulb Created with Sketch. 388
    Have recently jumped on board this one,as I feel the timing is right with the high and increasing gold price and EKMs drilling program about to commence on their high grade gold targets.
    EKM has got to be a big chance of coming up with a multi million ounce resource in our own back yard and not far away from the newly discovered Tropicana Deposit which currently stands at 5 million ounces,with another zone recently discovered nearby.
    EKM already has a resource base of 749,000 ounces and are about to embark on a 7,000 metre RC drilling program on the recently discovered high grade Central Bore Prospect with grades of 4m at 60.9g/t Au including 1m at 182.8g/t Au from 64m.
    3m at 25.6g/t Au including 1m at 72.85g/t Au from 75m.
    4m at 14.1g/t Au from 16m.and the list goes on,as you can see this is shallow and this particular prospect is open along strike and down dip.
    Also to be drilled will be the newly discovered anomalies,Byzantium and Hann Prospects which are bigger than Central Bore and lie between Central Bore and the resource base Atilla Deposit all well within 5km.
    The Central Bore Prospect was a 500m long anomaly,while the Byzantium anomaly is 1km long and 500m west of Central Bore and then you have the Hann anomaly which is 2.8km long and sits 2.4km west of Central Bore and 1.1km east of the Atilla Deposit.
    The Hann anomaly looks exciting because there are surface grades up to 2.1g/t Au and more importantly the gold anomaly is coincident with an arsenic trend,always a good indicator.
    I'm sure you have all seen the recent high grade discovery by Doray(DRM) after a limited number of holes and you've all seen the SP rocket to $1.10 from 20c.
    I know the capital structure is a bit different between the two but EKM already have a proven resource with huge potential to add to that significantly with drilling programs throughout 2010 and they have control of most of the Yamarna Belt with the boundary of their most southern lease just 25km from Tropicana.
    I think the options are a real bargin with this one,considering they don't expire until June 2011,plenty of time and the excise price is only 7cents.
    The March update presentation is well worth having a look at.
    G/L all.
    Cheers.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.