Member Info for Coyote2020

US$2071

US$2071

Gold Price - US$2071

1568 g/t Au is US$100,000 per tonne rock!

Gold Price - US$2060.

Complete the drilling at Shinganda and send the drill rig back to Zimbabwe and Bulawayo, maybe?

US$2045

Touched $2052 overnight.

US$2041

Rig sent to Shinganda instead. It must be that good!

+4% = $2093. A new high.

+4% = $2093. A new high.

US$2013

The Chinese reportedly purchased 17.5 tonnes of the metal last week. On average over the last 6 years, Gold has risen 4% over the Christmas period.

US$2013

The Chinese are reported to have purchased 17.5 tonnes of Gold last week. Over the last 6 years, Gold has risen on average 4% over the Christmas period.

Guessing here, but the drilling planned for Bulawayo by the end of Q3'23 was rescheduled. Extended (resource delineation) drilling at Kamativi completed in early October when the rig, if Galileo use the same company for all operations, was sent to Shinganda for 2000m before the end of Q4 and the wet season.

Still, another great asset in the wings.

Some clues/data/potential/prospectivity for the Bulawayo Gold licence area. Next to zero exploration in-country for the last 25 years however, the Dokwe project in Tsholotsho Communal Land around 100 km due west of Bulawayo drilled into a similar under cover/Greenstone Belt in 2004, produced the following astonishing results;

8m @ 197.22 g/t Au (incl 1m @ 1568 g/t Au)

14m @ 54.75 g/t Au

85m @ 5.23 g/t Au (incl 15m @ 13.64 g/t Au)

49m @ 4.42 g/t Au

27m @ 6.53 g/t Au

57m @ 2.72 g/t Au (incl 17m @ 5.91 g/t Au)

Currently under review/investigation by London listed Ariana Resources.

US$2001

It must be Friday.

The longer you wait, the better the price!

The snag with deals at this time, most are opportunistic not prepared to pay fair value.

Deals?

There are numerous indicators at present, inflation, interest rates, dollar strength, recession, QE, Central Bank buying, wars, technicals, to name some to support the view, gold is about to breakthrough the $2000 threshold and set a new high next year.

Bulawayo Gold's two licences for a combined 1300 sq km with extensive Greenstone Belt rock formation, near to the Queens Gold Mine, Galileo carried out investigative work earlier this year delineating several drill targets for commencement by the end of Q3'23.

A well-endowed, highly prospective area, a multitude of artisanal mine workings and minimal modern day exploration in the last 25 years.

Deals? Stuff going-on in the background?

Highly likely, with Bulawayo Gold a likely contender.

With both agreements signed-off and BCM electing to proceed. Oriole receive $1.5M. Bibemi and one million ounces, a realistic target for the shorter term, would give Oriole a further $1M. Oriole imo, will be self-supporting from this time onwards. The Mbe is one of ten licences in the CLP. Oriole has a maximum success payment of $20M on this single licence. Drilling success with just one hole at Mbe, what value would you place on the other nine licences?

Trying to decide on the appropriate superlative for this deal. Awesome comes to mind.

.......and a constant $2000+ gold price.