I thought those photos of the Walls of Gold from Mt Kare would drag you out of the woodwork.
Do you have a few Buy Orders Alex or are waiting to buy once the JV is announced hoping no one else buys in the meantime?
The JORC Gold Resource at Mt Kare is already at 507,000Oz @ 10gpt gold from the drilling in 2013.
Don't try and lecture me about head grade and Mt Kare.
I've spoken to enough Aussie geos who freak out over the drilling results in Mt Kare (and are accumulating IDC shares and averaging down like the rest of us LT holders)
As the infill drilling commences, the gold grade and total gold resource will rise also at Mt Kare well above 2Million Oz of Gold @ 10-15gpt.
More than Double the Resource that Andean Resources had with Cerre Negro.
As per the company's December 2014 presentation.
Remember elpha, that Porgera wasn't even a viable mine "ordinary gold deposit) when it was drilled for 4 yrs in the late 1970s early 1980s.
Then the drill bit accidentally went the wrong way and they found Zone 7!
1 Bonanza Gold Zone at Porgera Mt Kare has 8!
As they infill drilled Porgera, the grade rose to an astonishing 5.1Million @ 78gpt Gold! And became a top 10 Gold Mine in the world!
Mt Kare will be a SIGNIFICANTLY LARGER Gold Deposit and Higher Grade than Porgera.........
It's all about sparkly stuff in Mt Kare!
Cheers Nectar
