I think the trenching has also validated the Airborne Survey results, and those lovely phosphorous highlights that lit up the map, seem to increasingly support the existence of good grade deposits and suggest a much larger resource.
RE: brilliant ...
Thanks, I will build that in to a revised version that fits in one post. No drilling is being done at present but we have the rest of the results from over 3000m of trenching on some of the targets highlighted by the geophysics. The results should be out in August. We then have the half yearly report and the PFS out in September. Hopefully then the countdown to a possible sale?!! I reckon a few potential buyers have probably already walked the ground out at La India and hopefully once the project is derisked by the PFS one or two may take the plunge...............
... as ever Jibbo, thank you. a couple more observations. Mellon et al bought at £1.60 and presumably even at that price were anticipating significant returns i.e. I imagine people like that don't dabble, and would be expecting to at least triple their money? (which would certainly be possible given the price paid for gold reserves in-ground in recent takeovers) I think there are some more drilling results due soon too, probably before the PFS? Can you remind us what they were looking for - from memory, additional to everything we already have as you've described well
many thanks Jibbo .. that should really be enough for anyone looking for a great junior gold explorer share :)
Let me know if you think anything should be added or omitted.
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