Gold Ridge30 Sep 2022 15:30
Don;t forget the extra Gold Ridge stake:
In the summer, investors learnt that MetalNRG had completed a Phase I geochemical campaign at its Gold Ridge Gold mine property and the team reported very encouraging results that pave a pathway to further exploration work to be focussed and planned. In a nutshell, the findings of the geochemical programme encouraged the company to conclude that the area may host a larger mineralisation system controlling all the surface mines and showings.
At the time, this was a point that the project’s Senior Geologist Bart Stry elaborated on by commenting that, “These results confirm our previous beliefs, that there is indeed a real possibility of a larger un-discovered gold/base metal system at Gold Ridge; we are now working with the Board to establish the next steps.”
mkt cap too low (by 3x min) - that's what you look for when investing