Opaline Nice to see you have also wandered over the sites. I noticed in the supplement download to the prospectus the following additions.
'Drilling along the Black Reef has demonstrated the persistence of an auriferous lode over a strike length of 250 metres, true width of 4 metres and to a depth of 50 metres in which good gold grades were intersected in several shallow holes. An open cut resource has been identified and Matrix Gold has applied to the Department of Primary Industries, Victoria to develop an open pit mine'
This could be quite a large find and I look forward to seeing more drilling results. Also they have added the following.
Matrix Gold is in the final stages of government approvals to develop an open pit mine in the Burkes Flat Orebody. be replaced with: Upon payment of an environmental bond on or before 24 March 2010, Department of Primary Industries, Victoria will finalise the approval for Matrix Gold to develop an open pit mine in the Burkes Flat orebody.
This means as I read it they will be producing shortly after payment of the environmental bond has been paid.
Anyway I have one of those gut instincts that say Yogi-in-Oz could be about correct with his astro predictions.
Regards
MikePike
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