Proterozoic Gold

I've loaded up on this one.

5.2 million market cap @ 12 cents.
$1.88 million in cash.
Only 43 million shares.

Potential for big gold discovery. Geology looks excellent. Good soil sampling results for gold which follow a NE structural trend backed by magnetics and IP. Associated pathfinder elements in soil reflect a bedrock rather than than an alluvial source. 2 huge gold anomalies, Naujombo (9.5km x 600m) and Kishugu (6km x 600m). These brand new gold targets in South East Tanzania are historically undrilled.

The well known gold areas in Tanzania are located North West in the Archaen Greenstones of Lake Victoria. These targets are different as they are located South East in a Proterozoic metamorphic belt. Proterozoic area under-explored for gold and little effective outcrop have helped keep these targets hidden. Kishugu discovered in 2014, Naujombo in 2015, finally RAB drilling just recently completed with results now being assayed.

Should also note that this company has a significant nickel resource which could come into play on a recovering Ni price. Measured and Indicated Resource of 20.3Mt @ 0.58% Ni and 0.13% Cu for 117,880t contained nickel. Inferred Resource of 35.9Mt @ 0.66% Ni and 0.14% Cu for 238,500t contained nickel. More nickel sulphide targets still to be drilled.

Good potential with the market cap of a shell.
Very early days and speculative so DYOR.