“We have established extensive mineralisation across Mt Venn and the Eastern Mafic and while our exploration program is ongoing and still in its early phase, it is clear that this is a large mineralised province,” Mr Murphy said.
That's a big statement, but we haven't seen the assays.
I suppose that releasing any big assay results would significantly impact negotiations for Mt Carlon and Winchester.
What I find odd is the out of the blue acquisition of both, although in Winchester it would appear they are sending the drill straight there from Eastern Mafic and drilling 2-3 holes, and from that drill deciding whether to call the option to enter the joint agreement and 1.5m shares to Ausgold.
But the question still remains, what have they found so far ?
GBR Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
