The gold opportunity may be what breathes some life into this company. Initially listed as a gold exploration company in 2004, they experienced lengthy delays due to aboriginal heritage issues before drilling permission was granted. Looks as though they just completed the one gold drill program at Bulga Downs before the focus shifted to Iron Ore.
The Toucan gold prospects returned drill results up to 6g/t.
http://mindax.com.au/upload/documen...icantGoldInterceptsatToucanProspect530522.pdf
Some Iron Ore drill holes were re-assayed for gold at Toucan prospect and also returned results up to 6g/t.
http://mindax.com.au/upload/documen...ASX/20110805_20110805_MtForrestGold_Final.pdf
Ann: Letter to Shareholders, page-2
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