A repeat on the news from an earlier report below. Note that assay results are due late August. Maybe the spike in the SP this month is a little insider knowledge of the results.
"New Exploration programme Northwest has completed an exciting new drilling programme at the company’s Nullagine Gold Project. The RC programme of approximately 2,500m targeted four new prospects identified by Northwest’s innovative HYMAP survey: Red Dragon, Federation, Mustang and Corsair. The Board is excited about the potential results of this programme which was designed to test the effectiveness of Northwest’s innovative HYMAP survey for the remote detection of gold deposits. If drilling proves successful, the prospectivity and size of the Nullagine gold project could be subject to a significant positive re-assessment. Northwest’s HYMAP survey identified numerous significant alteration anomalies within the Nullagine goldfield indicating new targets and extensions of existing JORC resources. The Red Dragon, Federation, Mustang and Corsair targets have been prioritised for drilling in the forthcoming campaign. Preliminary assay results are expected by the end of August and will be released to the market when they are available."
NWR Price at posting:
7.4¢ Sentiment: Hold Disclosure: Held
