Latest Drill Hole, page-31

The interesting thing about those results is that it shows what is possible.


Results like 625 g/t is a bit mind blowing. It's bit over 19 oz/t, which at $A1,600/oz is $A31,400 worth of gold per ton of ore mined. Unheard of in the past from what I've seen anyway.


Such results would certainly have gained the attention of the Industry - the likes of New Barrick, Newcrest, Newmont and AnglGold. Many of these are in big need of boosting their future reserves and would be wanting part of the action of Central Vic if it were to prove to have multiple gold fields.


So a strike by Nags could trigger more than just a potential new mine but maybe a gold rush of exploration.


Though to do so (explore) you need to own an Explration Licence over the plot of ground. Given NAGs has about 2,400 sq km of EL's in the Waranga Province since they "peg all the most prospective ground in the Waranga Province as ground became available – over 1,800 sq km of new ELs pegged between 2014 and 2018"

So that alone should be intriguing to watch. All just imo of course.