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matchbox20

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21/10/21

20:52

Post #: 56982329
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Originally posted by flyboy77 ↑

They have good pedigree. Simon C in particular.

Things I picked up:

1. 105 holes drilled at Camel Creek for circa 13,500m thus far. 2.2km of strike.
2. New drill program (diamond) to start 27 October for 500m (which seems wrong if one hole is likely 300-350m). Results December then onto the JORC calculation.
3. Likened mineralisation (or metallurgy?) to Mt Carlton.
https://www.navarre.com.au/navarre-to-acquire-mt-carlton-gold-mine-from-evolution-mining-90-million/

4. Suggested 400k oz to get serious about a development (previously he had said 250k oz). The other two projects have circa 180k oz, can Camel Creek generate 220k oz+ (I'd like to think so).
5. Extra drilling planned at Golden Cup and at Mike's Anomaly (very near to Big Rush).

6. Capital raising not far away. Circa $1m now in kitty.

Expand

They drilled 3634m over 900m
for an additional 107,000 oz at Big Rush.
They drilled 3.7 times the metres at Camel Creek
over about 2.5 time the length.
It would be disappointing if they didn't get 2.5 times
Oz discovered at Camel Creek over Big Rush.

GNM Price at posting: 0.8¢ Sentiment: Hold Disclosure: Held
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Last 1.4¢		Change 0.000(0.00%)		Mkt cap ! $2.164M

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Price($)	Vol.	No.
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