hopefully not too much longer...half yearly report states that an upgrade is expected in Q3.
'Underground drilling successfully tested the sub-vertical and silver bearing structures, confirming the presence of extensive mineralisation as well as the presence of high grade gold bearing pods. The data from the reverse circulation and drilling campaign is being processed and interpreted, with historical information for an upgrade of the current JORC resource.'
'JORC Inferred Resource of 783,000 oz gold equivalent at 1.5 g/t gold equivalent. (0.5 g/t gold equivalent cut off grade) announced on 4 November 2009. An upgrade of this resource is expected in the third quarter 2010.'
'Surface and underground drilling completed, generating exceptional results, consistent with historical data and showing significant opportunities for growth in the resource base.'
'The project is on target to generate sufficient resources to support a 100,000 oz pa gold equivalent open cut mine.'
It certainly looks promising. Lets hope our patience is rewarded.
LRC Price at posting:
$1.50 Sentiment: LT Buy Disclosure: Held
