Talking about promotion -good to see st0ckhead on the job
Nagambie Resources (ASX:NAG)
Gold explorer Nagambie Resources’ share price hasn’t enjoyed the best year to date, but today it rises at least 20% on some welcome news.
The company has announced a maiden JORC resource for the shallow, high-graded gold mineralisation at its namesake gold and antimony mine in central Victoria.
Some specifics. The company’s talking an Inferred Resource here, of 415,000 tonnes averaging 11.5g/t gold equivalent and comprising 3.6g/t gold plus 4.3% antimony.
It also notes that the in-ground metal content of 153,000 ounces gold equivalent, comprises 47,800 ounces gold plus 17,800 tonnes antimony and the average 11.5g/t gold equivalent resource grade is 230% of the mineable cut-off grade of 5.0g/t AuEq.
This, says NAG, indicates a high-margin orebody at the Nagambie mine, where there are four shallow gold-antimony lode systems all open and at depth.
Nagambie chairman Tom Quinn described the maiden JORC Resource for the high-grade discovery as a “watershed moment” for the company, adding that “it comes in the context of recent all-time record-high gold prices and strong prices for antimony, an essential metal for military uses and high-performance solar panel manufacture.
“We are now focused on being able to commence the recommended follow-up drilling program, with our target being to significantly increase the maiden Resource.”
Still no sign of this news on Warwick Grigor's Far East Capital Rag
- Forums
- ASX - By Stock
- NAG
- Who will promote NAG’s JORC?
Who will promote NAG’s JORC?, page-21
-
- There are more pages in this discussion • 42 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NAG (ASX) to my watchlist
|
|||||
Last
0.9¢ |
Change
-0.001(10.0%) |
Mkt cap ! $7.966M |
Open | High | Low | Value | Volume |
0.9¢ | 0.9¢ | 0.9¢ | $6.674K | 741.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 56891 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 568741 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 56891 | 0.009 |
6 | 3280631 | 0.008 |
3 | 5451263 | 0.007 |
1 | 250000 | 0.006 |
3 | 650000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 568741 | 4 |
0.011 | 170000 | 3 |
0.012 | 2677000 | 3 |
0.013 | 115429 | 1 |
0.014 | 4485333 | 3 |
Last trade - 11.17am 15/08/2024 (20 minute delay) ? |
Featured News
NAG (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online