holy moly3 Oct 2017 15:34
simple fact is this is a good resource. but we are awaiting big major catalyst in the depth of the resource as it remains open depth.
As mentioned earlier much of the mineralisation we have identified remains open at depth. With this in mind it is our intention to test the depth extension of the two breccia pipes at GZ2 and CZ1, as the low to intermediate sulfidation epithermal environment that characterises KB has the potential to "blow-out" at depth and contribute to a more substantial bulk tonnage copper-gold resource in line with the 50Mt+ being targeted by the Company. Further gold oxide and copper-gold sulphide targets across the licence area are regularly being generated and, as previously announced, additional anomalies and drill targets have already been identified. These will be drilled during the current programme as we continue to expand the KB mineral resource development strategy.
there was a key change in the rns's of late where the interim results the outlook started talking about 70mt rather than just 50+ being the target
"I would like to thank the Board and advisors for all their hard work during the period. I would also like to take this opportunity to thank our shareholders, both new and existing, for the support they have shown towards the Company. This is an exciting time for the Company. Our objective is to transform GEO into a major European copper and gold production and development company by proving up the epithermal geological model we have for the KB Project and at the same time achieve our 50Mt-70Mt exploration target. All results received to date have been consistent with our model and have therefore served to strengthen our belief that KB has the potential to become a large scale copper-gold operation on the Tethyan Belt. With this in mind I look forward to providing further updates on our progress in the months ahead"
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