summary20 Jan 2017 09:07
Grl 602,000 oz Jorc compliant at average grade 1.77g/t held in the company's homage license area, current drilling finished at the end of November to explore high grade gold potential beneath the 602,000 open pit.
project is located in the highly prospective Birimian-age Ashanti Gold Belt and close to AngloGold Ashanti's Obuasi Gold Mine, one of the World's largest gold mines that sits in the Ashanti Gold Belt, which contains resource of at least 70 million ounces of gold.
Last placing done 6 months ago at 2.5p for £1 million long list of major share holders less than 50% free float only 50 mill shares in public hands Mcap £1.3 million, drill results from the labs imminent which if positive could multibag this in hours given low Mcap and free float.
The fact it's only 10km from one of the largest gold mines in the world means the potential for a huge find is high with less than 50% of shares in public hands and £1.3m Mcap this could fly on positive lab results 602,000 oz jorc compliant already in place at good grades far better than recent ggp grades makes this very undervalued imo