STTCOMP GBM FA LONG Cash: $26k + found 2kg roughly $120k gold...

STTCOMP GBM FA LONG

Cash: $26k + found 2kg roughly $120k gold from recent cleaning of equipment  
Shares: just a billion

MC: $16 mill

Activities Planned for the September Quarter

 Planning for production from the coarse sand dam at Kangaroo Flat.

Total gold recovery was 93% with 7% of the gold not captured in processing. A significant portion of the gold not captured is believed to be in the 425,000 tonnes of material stored in the coarse sand dam. Drill testing revealed significant quantities of free gold and gold bearing sulphides.

 Geological analysis of exploration targets in the Bendigo Goldfield.

This area lies along structural and stratigraphic strike that parallels those of Bendigo Goldfield. The basement rocks form part of Ballarat-Bendigo Zone and has folding that is similar to those ASX Release GBM GOLD LTD PAGE 4  hosting gold mineralisation at Bendigo Goldfield. Western Mining Corporation (WMC) in 1990 reported that the development of quartz reef is structurally controlled.


Fiddlers Creek:  Await approval of exploration licence.

Avoca / Beavis:  Complete the sale of the project.. More cash soon?

Few things going on for GBM that could see price move more sharply then Friday's leaky action.