There is a high degree of confidence in the economic potential and it certainly looks good. How does one work out potential JORC size from those numbers? The key questions in my mind are 1) how long to PFS 2) what infrastructure needs and costs are there? 3) whether OTC will now raise its stake in Andiamo, and when? We do not have the problem of resource nationalism or Ebola seen in the west African countries.
This final set of assay results serves as resounding confirmation that near surface high-grade gold and oxide copper mineralisation exists within the Yacob Dewar deposit. Yacob Dewar Gold Trenching Highlights: · 3.29 g/t Au over 23.00m in trench YDTR-12, including 10.13 g/t Au over 3.10m · 2.73 g/t Au over 9.80m in trench YDTR-15, including 5.40 g/t Au over 4.30m · 1.77 g/t Au over 26.90m in trench YDTR-18, including 4.13 g/t Au over 4.00m and 3.22 g/t Au over 3.60m · 1.74 g/t Au over 23.20m in trench YDTR-14, including 3.42 g/t Au over 9.20m · 1.57 g/t Au over 21.20m in trench YDTR-16, including 4.74 g/t Au over 4.00m · 1.44 g/t Au over 17.60m in trench YDTR-17, including 2.76 g/t Au over 5.40m Yacob Dewar Oxide Copper Trenching Highlights: · 0.81% Cu over 17.20m in trench YDTR-23, including 2.63% Cu over 3.00m · 0.59% Cu over 19.70m in trench YDTR-21, including 0.91% Cu over 11.00m · 0.58% Cu over 21.00m in trench YDTR-19, including 0.73% Cu over 6.00m · 0.54% Cu over 10.50m in trench YDTR-10, including 1.24% Cu over 2.40m The copper mineralisation encountered is believed to be associated with the higher grade copper mineralisation previously reported and will more than likely form part of the forthcoming classified resource This is going to be huge.
If gold prices improve soon ortac will worth more
I think the penny has dropped
Good lot of trades coming in
Really good numbers there. Should have some positive effect on the SP but then this is AIM so maybe not !!!
Excellent results this morning,thought there would have been abit more interest this morning?
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