Great Job to the Board with the picking up the Canadian Gold property from Nippon Dragon, in a well sought gold district! Worth the wait and a great Announcement!
Looking forward to December or to the completion of the placement so we can get into exploration activities on Rocmec and Denain as stated.
Some encouraging sentences in today's Announcement
Projects introduced by highly regarded Mining Exc & GEO Simon Lawson, who joins the company as an adviser with particular focus on project geology - We now have a Geologist on-board!
Established and Experienced in-country team well advanced on drill permitting and to facilitate Canadian Operations, Rapidly..
Historic High Grade Rocmec Underground mine that remains ventilated and dewatered for immediate access to drill platforms and resource growth potential..
Orminex intends to undertake a review of historical drilling data, conduct resampling of historic core (where possible) re-survey historical drill-hole collars by DGPS to validate their location, complete metallurgical sampling, and drill infill and twin holes to further ensure and upgrade the integrity of the data. This will be followed by re-estimation of the resource, with updated classification based on the level of information available, Must of learnt our lesson from Comet vale and do DD before mining nice...
PT Amman Mineral Internasional has subscribed for $1 million in shares under the placement, our friends from the Indonesian project must be keen to back us, good to hear.
Each of the directors have subscribed for a total of $580,000.
Rocmec first discovery in 1924 to 1985 for the next 20 years to 2005 no further significant exploration work was conducted, 2055-2010 12,300m of exploration drilling and the discovery of the significant High Grade Boucher Structure, still large exploration upside on the Project!
Nippon has invested over CAD$33m into rehab, infrastructure, exploration and primary development.
