G1A 0.00% 5.9¢ galena mining limited

Ann: Galena Appoints Alex Molyneux as MD/CEO, page-16

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  1. 521 Posts.
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    it's hard to say at this stage considering we have only just touched base on the copper/gold below the lead deposit. further drilling is required to better understand what they have in terms of copper and gold.

    the Interval for the one hole seems to be decent but Its too soon to understand what we are dealIng with especially considering only one result at 8m for 9 grams. they will need to define what kind of structure the orebody Is. Even then at this point in time there Is no orebody of gold us such. Then you need to take Into account the cost to mine gold at 700 metres down hole. open pit or underground and at this stage again you cant say what It will be, In terms of mining the gold ofcourse.


    this Is just IMO

    I think thet have found something extremely valuable.
 
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