CWX 0.00% 11.0¢ carawine resources limited

CWX, page-23

  1. 921 Posts.
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    To be honest, I don't think the Henty analogue will have much to do with any imminent price movements.

    The market is clearly looking for drilling results.

    If CWX can continue pulling out good, thick intersections at high grades from Jamieson, the market will respond.

    There is a buzz around some of the other mining centres in Victoria at the moment. This hasn't quite reached Carawine's Jamieson project - YET.

    Carawine will be looking to book an initial resource from Jamieson this year.

    If the intersections remain consistent with what they've already released, then we can reasonably expect a very high grade and sizeable resource.

    Remember, these guys pulled out (from different holes):

    92.7m @ 3.22g/t Au from 2 metres
    43m @ 4.24g/t Au, 0.3% Cu
    26m @ 5.75g/t Au
    24m @ 6.75g/t Au, 0.3% Cu
    66m @ 2.49g/t Au

    Nothing to be sneezed at here.
 
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