ORCP Drilling to start Northern Zone, Kalgoorie, Oz: "Comp sheet brokers passing in Australia between RGL Northern Zone vs STN."-17.5.2417 May 2024 09:14
Riversgold Ltd, ASX is the JV partner to ORCP in next week's start of drilling at the NORTHERN ZONE, Kalgoorie, W.Australia.
Riversgold went up the 2nd day since the drilling news announcement +11%. The top post on the Riversgold forum in Oz is about the NORTHERN ZONE vs SATURN METALS, ASX AT APOLLO.
"Comp Sheet passed by brokers in Australia to each other: Riversgold $9m Mkt Cap, RESOURCE TARGET: 200-250MT ===@0.40-.06 g/t au === for 2.5-4.8 MOZ GOLD. ==
STN [Saturn Metals, ASX] $54m mkt cap , 93.9Mt ==for 0.54g/t au == 1.64 MOZ of gold with $388m NPV.
This is SIGNIFICANTLY LARGER RESOURCE POTENTIAL===WITH 2-3X MORE GOLD AT A SIGNIFICANT DISCOUNT."
Pdf of Apollo Hill comp [Saturn Metals] given in the post on RGL [Riversgold, ASX] on Hotcopper."
https://hotcopper.com.au/threads/rgl-comps.80077178/ dated Fri, 17 May 2024 by baybull, Australia.
My comment: 2 drill rigs will be utilised to fast track drilling. From reading the RGL announcements etc, the driller appears to be DDH, the same driller for GGP's Havieron, Paterson. W.Australia. Nice. By the way, Apollo Hill @Saturn Metals, Oz has been the comparative as it is closer to Riversgold's NORTHERN ZONE and mentioned on Twitter etc.