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Volcanic

300 Posts.

08/03/16

14:40

Post #: 17217696
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Originally posted by Volcanic ↑

Cheap goldie with drilling at high grade deposit starting soon

RCF - cap of $650k and an existing 280,000 ounce resource near SBM in WA

Program of Work applications granted by Department of Mines and Petroleum
for RC and diamond core drilling at Golden Terrace South and Nambi
prospects.

Successful application to DMP under Exploration and Incentive Scheme for co-
funding of up to $75,000 for drilling below high grade, sulphide associated gold
mineralisation previously mined at the Nambi Pit.

Planning for this drilling program Is well advanced aiming for commencement in the
first quarter of 2016

Three target areas have been identified for RC and DDH drilling covering GTS, Nambi and Nambi South total of 16 holes for 2760m of RC and 560m of diamond core

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(RCF merging with NTM which will add $1M to market cap but provide $500k cash for drilling etc.

Gateway Mining GML looking cheap under 1.5c copper/gold stock

Last edited by Volcanic: 08/03/16
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