resource upgrade?, page-16

“In a matter of months the company
has gone from a pure explorer not
knowing what its property contained,
to a company with a resource and
substantial upside.
“Now we know what we’ve got, we
can see us getting to 2 million ounces
fairly easily – and that’s a mine
basically,” Parsons said.”

“What we’re hoping is that these
regional targets might come in with
some good sniffs and then towards
the end of the year we can convert
some of them into resource ounces.
Nogbele could go from a 1.2 million
ounce deposit with the regional
targets boosting it to 3-5 million
ounces.”
Parsons said the only reason the
company had started at Nogbele
was because it had the biggest soil
anomaly at the time.
“As a junior, we thought we had
to start somewhere so we picked
the biggest soil anomaly. There’s no
reason to say it’s the best target in the
whole property.”