GOA gold anomaly limited

re : crater mountain

  1. 8 Posts.

    peter macnab was right when he said that crater mountain would have a resource of between 1 and 5m ounces of gold. the nevera area where they are drilling is very steep and ruff terrian.the bulldoser work to form roads going around the mountain would not be cheap .some of these mountain areas in png can be 2000 to 3000 meters high . so looking for gold would not be easy .i am happy with what they have done so far.to me they should be puting in some sort of permit to mine the 790,000 ounces of gold they already have.so they can have some cash flow to keep on drilling .they said in a report that they are looking at a drill rig that goes 2000 meters deep. i think this is a good idea as they have been drilling 1000 meter holes and maybe the major ore body is only 100 or 200 meters beyond this.these mountains are very high so i hope they have a go at drilling a 2000 meter hole to find the major intrusive they are looking for.they seem to have an idea where to look so i hope they follow up on this.
    croydon they are drilling 5 holes at G1-001 which is between jolly tar and golden gate . i think they will find graphite in all 5 holes with other metals as i beleive there is graphite all the way from jolly tar to golden gate . goa only need one good result to change everything i hope 2013 is the year . thanks for reading.
 
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