Gold then copper is what this is about for me, Co for credits to limit production costs.
While not being a geologist I think every hole drilled ad
ds to the overall picture and not every hole's a money maker but put 'em all together let's see. Patience is needed on this one, Not for those who cant stay the distance as SP is showing as they leave.
Checkout the number of rigs coming on board before years end from page 8 of latest announcement below.
Of the eight parallel historical mines within the Golden Mile, the four listed above are to be drilled during Phase One. The average reported gold grade from these four mines production was 56.70g/t. We expect to first drill shallow holes to define the exact position and strike length of the four (4) zones and then systematically drill them to define a JORC mineral resource. The Company will be seeking up to six (6) RC and Diamond rigs prior to the end of 2018 to commence an extensive drilling program over the Golden Mile and Mt Freda Complex aimed at defining a significant gold JORC mineral resource estimate. .
AMG Price at posting:
3.9¢ Sentiment: Hold Disclosure: Held