"Following these very promising results, Ampella has commenced a third phase of drilling at the Napelapera Prospect. The program consists of 15 drill holes for an expected 1985m of reverse- circulation drilling."
The thing is they are going for a third round of drilling so they must think there is something economic about the deposit. Also they were getting hits with shallower aircore drilling.
Also a conceptual resource of 355k at 1.5.g/t. 1.5g/t while not fantastic is not too bad if the metallurgy is ok and is certainly better than what Perseus are mining.
Appreciate your thoughts though Next Time. It's good to see both sides of the coin.
Wondering about the heap leech. If they were going to go ahead with that option I assume it would be better to set it up at Wadaradoo rather than transporting the low grade material to konkera.
AMX Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
