NAG nagambie resources limited

NAGs SP Mk2, page-3

  1. 2,751 Posts.
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    I was just looking through the Annual Fin Report that came out about a month ago. In it, it says:

    The company has established that surface
    IP (Induced Polarisation) can locate gold anomalies at Wandean. Detailed IP programs, looking up to 500 metres in depth below the known surface oxide gold mineralisation, are planned at both the Nagambie Mine and Wandean.

    I am excited by that because my previous understanding was that IP could pick up Sulphide deposits which might contain gold but it says - it can identify actual Gold Deposits.

    I think they were planning to do New IP at Wandean sometime soon,  Probably in November, but I can't remember where I saw that, so may have it wrong. Either way its fairly imminent & could be huge if its a positive result.
    Last edited by JetBlue: 30/10/17
 
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