i currently holding CAZ shares and hoping to get my money back after the huge scandal last april between gov adn lovers RIO..... just found this on their website CAZ that is.....
MENZIES
(Great Australian Resources Ltd . earning 80%)
The company has reached agreement with Great Australian Resources Ltd (ASX code:GAU) whereby GAU may earn an 80% interest in the Menzies project. As part of the agreement GAU is obliged to conduct a minimum of 1,000 metres of drilling.
GAU has already conducted some drilling over the project testing a small number targets mainly based on the Cigar Prospect. The drilling intersected mainly mafics and some key mineralised structures with several encouraging gold hits indicating that the mineralisation is open along strike both to the north and south. GAR also drilled 2 RC holes into a sulphide nickel target. Results were very encouraging and included; 9m @ 1.31% Ni and 10m @ 0.9% Ni. Follow up magnetic, electromagnetic and geochemical surveys are planned at the prospect.
thx
GAU Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
