NIU 0.00% 2.0¢ niuminco group limited

In reading the old IPO Doco there is no mention of Wayburn's PNG...

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    In reading the old IPO Doco there is no mention of
    Wayburn's PNG Drill Results Indicate Large Potential Open-pit Gold/Silver Deposit.
    click on below link to see news article report -
    https://hotcopper.com.au/threads/wh...3246524/page-63?post_id=23382996#.WM9r0PmGOM8

    IPO snippet below:

    Enterprise Karuka Open Pit Zones
    The Edie, Karuka and Enterprise Lodes occur in an
    area 2.4 km long by 200 to 500m wide. Existing
    surface mapping is cursory, but there exists a
    good trench sampling database from Renison
    Goldfields. Surface geochemistry shows gold
    enrichment along east-west structures between
    the Lodes. Surface sampling by RGC in the late
    1980s in the area west of Slate Creek shows
    strongly anomalous gold mineralisation at
    surface. Analysis of this data has led to the
    definition of 7 E-W zones that require further
    investigation that may lead to the development
    of a significant resource in this area as indicated
    in the table on the following page.
    The total area of anomalous gold mineralisation
    as outlined is 31,567 sq m. If this represents
    mineralisation to a depth of 50m, then there the
    expected target is about 3.6 Mt of mineralisation.
    The average gold grade at surface is indicated to
    be 4.5 g/t – which gives a target to a depth of
    50m depth, of 0.4 to 0.5 Moz gold. This only
    applies to the area west of Slate Creek for a
    distance up the main spur of less than 600m. The
    Enterprise Lode has been worked intermittently
    in a large open cut in the Webiak Creek area, a
    further 550m west, thus potentially doubling
    the mineralised strike length and the target size.


    Share holders could end up with more than 1 million Au OZ
    What say you drill results TL
    FID
 
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