extract from report - Another sSignificant potetnial discovery;
"Exploration A significant potential discovery has been identified in the form of the Ngwabe Block. A portion of this block is within the current mining lease area and the remainder is within the ZAC prospecting rights area that has been approved by the DME. Interpretation of geological structures and airborne surveys has identified characteristics synonymous with that for hosting the main seam across an area with a strike length of 6.5km and width of 800 – 1000m. Exploration drilling is being undertaken in the Ngwabe Block and the main seam has been broadly delineated at depths ranging from 200m to 600m. The exploration drilling results so far indicated some large faulting and dolerite and other structural activities along the boundary zones of the block, but are generally encouraging in confirming the presence of the main seam over an extended area."
RIV Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
