Ann: Company Update, page-3

Okay we have some news!

Not the best written update but I'll take anything atm.

Some interesting points.

In the first drilling announcement they were only planning to drill 4 holes as per below.

"The diamond drilling programme is initially planned for four holes totalling approximately 600m, targeting shallow, high grade zinc-lead mineralisation."

In todays announcement they have drilled 887m and 7 holes!

Joumbira Zinc Project, Namibia
 Diamond drill programme completed at Joumbira with a total of seven holes drilled for 887m
 A total of 420 diamond core samples despatched for multi-element assay
 Results will be released once all assays have been received and assessed

Now as I probably wrote in the past when I talked to the company before they said they would keep drilling more holes if they hit the good stuff! There is no way you would keep drilling if you were hitting blanks.

"An announcement on the results will be released once all assays have been received and assessed, so that the data may be considered in a complete manner."

My take on the last sentence above is that they have hit that upper section in the other holes and are going to wait for assays on all holes so it reflects that. They aren't giving anything away but joining the dots leads me to that inclusion.

"The Company is also evaluating a number of additional precious and base metal project opportunities in Namibia, to further increase shareholder value. The assessment of these projects are each at a relatively early stage and confidential in nature. Further information shall be released as appropriate."

The only place I would be looking is north of their current project close to CLA. My bet is there.


Gold in Tanzania looks like it will go ahead again!

"Tanga’s exploration plans for 2018 at Hanang, are to continue exploration at the newly identified New York Target and regional work further to the north and west of the New York Target area.
During the visit, the Regional Commissioner and Zonal Mines Office acknowledged the Company’s excellent working relationship with both local authorities and local communities, which was made evident during the visit.
The Regional Commissioner concluded by affirming his support for the future success of Hanang and the continued open communication between the local authorities, including the Zonal Mines Office and local communities with the future exploration and development of Hanang"

A little bit of patience here should pay off imo.