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Merchant2000

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10/03/19

09:06

Post #: 37711128
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Originally posted by Saltiga62: ↑

Asx Ann -23 Jan
Extracts
Potential Targets of the AngloGold Joint Venture
The Faina Goldfields Project comprises a number of early stage and advanced exploration projects
in the Faina Greenstone belt which have the potential to rapidly develop under the AngloGold JV agreement.
The priority targets will be defined by the technical committee once it is established.

Existing potential targets include:

▪ Rio do Ouro: Sertao-Previously mined (2003-2006) as a shallow open pit by Troy Resources with historical production
of 256,000ozs at an average grade of 24 g/t Au.
Shut down with gold prices approximately 70% lower than current levels.
Drilling program completed in 2018 (refer to ASX announcements 6 and 17 August 2018)1
identified high grade extensions to the ore body with significant follow up potential.
Rio do Ouro has an existing JORC Mineral Resource Estimate of 223,111 tonnes at 6.9g/t for 49,628 ounces of contained gold
(refer to ASX announcement dated 13 June 2017)2.

▪ Antena/Xupe: Potential satellite open pit gold project formerly owned by Troy Resources with 5 shallow pits in their infancy.
Orinoco drilled a key hole of 21.7 metres at 4.49 g/t in March 2018 with 13 more holes (refer to ASX announcement dated
24 August 2018)3 demonstrating the potential for large scale gold mineralisation across the project.

▪ Tintiero Polymetallic Prospect: High-grade silver, nickel, cobalt and copper target 2 km west of Cascavel with previously reported
grades (refer to ASX announcement dated 13 June 2018)4 of up to 4,000 g/t Ag, 1.2% cobalt, 0.5% copper, and 0.3% nickel.

salt

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Salt
IMO

Interesting prospects ??? Interesting pictures and images etc....

Similar to Empire Capital research report in March 2018 - with a 25c speculative buy

The report imo did emphasis a conservative view point on potential going forward when price was around 12c

Suggest you re- read the report and also the disclaimer attached

DYOR

Last edited by Merchant2000: 10/03/19

OGX Price at posting: 0.5¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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Salt IMOInteresting prospects ??? Interesting pictures and...

Top Stories

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Nine's staff strike as Paris Olympic coverage begins

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

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