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Ann: Acquisition of Highly Prospective Pilbara Gold Project, page-45

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Bigsky

479 Posts.

20

02/12/17

20:07

Post #: 29320010
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Originally posted by Bigsky ↑

The main game was the acquisition of the historical mines, backed up by prospective dolomites that host the mineralisation. The mines and the prospective dolomites are excluded from the tenements acquired by CLY. We are left with a variety of country rock types on tenement with no apparent mineralisation. We could do just as well with a map of Austria and a dartboard. The company did not do the required DD to establish secure ownership of the targets. A botched and poorly advised acquisition.

I am currently driving from Darwin to NSW but will post info maps etc to back this up once I am able.

DYOR

Cheers

BS

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A post from September after CLY came out of nearly 3 months suspension announcing the Fizzer.

https://hotcopper.com.au/posts/27091878/single

CLY Price at posting: 0.6¢ Sentiment: None Disclosure: Held
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