In 1999 and 2001 Haoma completed an extensive drilling program in the primary prospective zone, referred to as the ‘Cookes Hill Prospect’. Based on the shallow drilling program low grade gold mineralisation was estimated to contain 1.3g/t gold resulting inapproximately 50,000 to 60,000 ounces of gold(assays by traditional methods).Over the next 4 weeks samplesfrom the 1999 and 2001 shallow drilling program will be re-assayed in the Bamboo Creek Laboratoryusing Haoma’s Elazac Process.
Also there are the PGM metals and silver to be accounted for yet.
Lockitt
HAO Price at posting:
23.0¢ Sentiment: None Disclosure: Held
