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Aptayl

3,448 Posts.

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14/07/14

08:14

Post #: 13653750
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Originally posted by ash kumar ↑

To Aptayl
To be optimistic about BGS is a good thing but it does not mean it would give the return on your investment you are expecting.
If you recall, you were not happy when I wrote blog long time ago for failing to understand BGS strategy for lack of consistency in ann and actions/ results on the ground. I also mentioned exploration of gold was not exactly the way it is done in Australia.

To me, after years of RC drilling couple of times, BGS has not shown outstanding results in its Massigui /Botswana projects.

Anyway, if you have time you can read FNT ann dated 4 July 2014 about Swit Kia prospect in Papua New Guinea and look at photo of glittering in-situ sample on page 5 of ann showing arsenopyrite in relation to gold discovery.

This is what I call real material on the ground with high potential of finding a significant deposit because qtz veins never occurs in isolation. Where they occur follow a particular pattern. Surface exposure is so extensive I do not know why it was not explored before.

Compare gold exploration techniques with the BGS and you would find the difference.

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Hey Ash, FNT surface results are quite amazing.

Sorry I don't recall your post sometime ago, but do agree that Kevin's method's are quite different to the norm in Australia.

Guess there are a number of factors which draws me to BGS which I have commented on numerous times, and yes seeing some mega grades like FNT would be nice in Missigui. I'm confident if anyone is going to find additional gold in that area it will be Kevin with his methodical approach.

Guess its not always about massive grades though when you have a facility down the road running out of ore, you just need some good deposits that are worthy of exploitation and who knows we may even find that elephant in the process.

Last edited by Aptayl: 14/07/14

BGS Price at posting: 1.1¢ Sentiment: Buy Disclosure: Held
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