RE: Drilling in August.26 Jun 2020 21:13
Not sure the exact figure but Pallas Green is one of largest undeveloped zinc deposits in the world (45.1 Mt @ 8.4% Zn+Pb; Inferred Mineral Resource, as at 31-Dec-2018)
Our average grade on the 5.1m tons is:
Average Grade of 11.3% Zn+Pb – with the Bulk of Resource Grading at an Impressive 12.1% Zn+Pb
Please look at pages 15-18 of the presentation i sent below, which shows large hydrothermal system identified. Shows shallower, higher grade discoveries than the ones across the road at Pallas Green (which is probably why Glencore are sitting up and taking note). We own the dominant licenses in the field (6 of them owned by Ark).
G11 website, Arkle website and historical rns releases are the only info i base my views (Bullish) on.
Like you say, Glencore are paying attention (by way of cash investment!!) It’s not everyday a 20billion company bats an eyelid at small fish like G11/Ark.
Let’s see what happens. With 500k Cash raised recently, 2 100% owned gold projects, 24% of a potential Tier 1 discovery (with more than 1 interested party in our share of it) fully funded for drills in the short term, all for under 2m mcap. That’s good enough for me.
Ps i post to pass time often, apologies if it comes across as spam! Lol
Have a good weekend and see you Monday.