Surely we will get news this week? Optimisation was suppose to take a few days according to George but has been longer that, hopefully a good sign with delayed news. GLA.
Riversgold (ASX:RGL) sees similarities with Saturn Metals’ Apollo Hill project for a sizeable low-grade heap leach operation – but says Northern Zone could be even larger.
Absolutely brilliant news, Mega resources to fund all activities with a split in profit 50/50. It multibags from here. Don't forget we have Thar news to come too with sale news. Some of you may certainly see 1p+ again in time. That is 1p and not 0.1p. Going to be huge day here. GLA.
The Northern Zone Project continues to indicate significant gold intercepts and grow the footprint, and demonstrating high grades at relatively shallow depths over good widths within the overall 600m wide porphyry. We are particularly encouraged by the recent success of Black Cat's Myhree open pit operations[1] only 7km north of the Northern Zone Project and we are assessing if similar operations would be achieved at the Northern Zone Project after we convert the tenement to a Mining Lease.
Conversion of the tenement status to the higher order Mining Lease will increase security of tenure of the Project to an initial 21 years and is an important next step should we wish to develop the Northern Zone Gold Project as a gold mine.
Post period end, discussions with mining operators are continuing, and good progress is being made.