while i am curious about the co's ongoing drilling campaign at the Jorc resourced silver deposit at Kempfield (& Sunny Corner), the recent diamond drill tail on the hole at West Wyalong, further to the west from Kempfield, could possibly surprise us with the unexpected.
in april,2009 the percussion drillhole was put down to 200 metres where an intersect from 60 - 62 metres assayed 22.4g/t Au.
this was followed up recently with the diamond drillhole tail. the co. had planned a 300 metres extension with the tail yet actually extended the hole to 531.9 metres as it intersected multiple small shear zones from 509 metres.
drill results for West Wyalong are due in early december.
on-going drill results for Kempfield are due early january.
a scoping study for Kempfield is due any day now.
so, all-in-all, the coming 1 - 6 weeks could hold much promise for this co. with a low market cap., a silver Jorc resource, & a co. that could possibly be well positioned for a silver price explosion in the coming years.
background history on West Wyalong tenement :
Gold was discovered here in 1893 and the town underwent the boom times that accompanied such an event. In its heyday, there were more than 12,000 miners on the goldfields, digging deep vertical shafts and offshoot tunnels to get at the gold encased within quartz reefs.
historically the gold mine yielded 500,000 ounces & a grade of 54g/t Au.
ARD Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
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