Add this story below and 2018 could be very good indeed....

Add this story below and 2018 could be very good indeed.

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It’s on that basis that today’s interest is in an overlooked explorer-developer – Genesis Minerals (GMD). It is trading at the princely price of 3.1c for a market cap of $23m.
The company itself is tipping significant growth in 2018 after a busy 2017.
At its Ulysses gold project, 30km south of Leonora in a neighbourhood that includes St Barbara’s Gwalia cash machine and AngloGold’s 10moz Sunrise operation, two small open-cut mining and toll treatment campaigns at Ulysses West (ore was trucked to the Paddington mill near Kalgoorlie) have been completed.
The cash generated has essentially made Genesis a self-funded explorer-developer for the time being, with the exploration effort now chasing down some potential high-growth opportunities for the company, particularly at Ulysses.
In September, a scoping study pointed to the potential for the development of a long-term toll-treatment underground mine at Ulysses. Later the same month, the board pushed the button on a feasibility study which will also look at a stand-alone mining operation in response to the unfolding upside of the project.
The existing resource at Ulysses stands at 2.8m tonnes grading 2.3g/t gold for 206,400oz and it can be expected to grow significantly in the next couple of months as results from a major drilling program now underway are factored in. Recent drill results have been well and truly outside of the resource area.
It is a common theme in the Eastern Goldfields. Drill below old open pits (the long gone Sons of Gwalia mined Ulysses back in 2002) and you will find more gold.
Genesis is looking to put together 250,000oz in the top 200m at Ulysses as a starter project, remembering that another four prospects clustered around the deposit which have been producing promising exploration results.
As the development story at Ulysses unfolds, Genesis has expanded its exploration footprint to include the Barimaia project on the doorstep of the 6moz Mount Magnet gold mine in WA’s Murchison district.
The project is close to the Ramelius operations, on the southern end of a 200km belt of rocks that are home to a number of structurally-controlled gold deposits. McNabs is the main prospect which despite its proximity to Mount Magnet, ranks as virgin ground because of the 5-10m of cover.
It became of interest back in 2010 when a local prospector sampled the cuttings from a water bore hole and got some interesting results. Follow-up drilling back then, and by Genesis more recently, has returned some cracking results.
High hopes are held for a new drilling program which has just kicked off. Newsflow-wise, first results can be expected when we are all back from the beach in late January. Like Ulysses over at Leonora, there are plenty of miners active in the area that will take notice should McNabs come up with the goods.