PSC Acquire Option Over 12km African Gold System

We’ve been following this micro-cap stock for a while now, and have been closely watching the way Prospect Resources (ASXSC) is taking positions in African resource plays.
PSC’s plan is to identify historical gold mines which have been closed for decades but have significant potential with modern exploration techniques.
The team then re-open the mines and develop positive cashflow, currently looking toward an annualised production target of approximately 15,000 to 20,000 ounces of gold per year.
That was the previous plan, but an opportunistic new project acquisition has just expanded PSC’s asset base considerably.
PSC just acquired an option over a 12km gold system, with four main drill targets – that are shallow and have previously seen limited exploration.

http://www.nextsmallcap.com/psc-acquire-option-12km-african-gold-system/