"To date, drilling has identified two main ore horizons within Kavanagh that are defined on both the northern and southern limbs. They are continuous over a strike length of 250 metres and remain open in all directions. These mineralised surfaces are referred to as the K1 and K2 lodes and have an average true width of 1 metre with an average grade to date of 16.7g/t Au and 32.4g/t Au respectively. The exploration potential of these lodes remains extremely high with both CYUG362 (2.4m @ 216.9g/t Au) and CYUG646 (0.3m @ 178g/t Au) remaining open down plunge and along strike."
These figures are bonanza type figures. The extent is yet unproven but if the 2.4m @ 216.8 g/t is shown to entend for any sort of distance you could practically dig the stuff out with a shovel and still make money (hyperbole). At the current price (.165/.17) this stock is a good punt now I think and I've boutght back in. It was almost certainly going to go below .20 with the new issue just because of market finance perspectives quite unrelated to potential of the companies' gold reserves. Yes there is a long way to go - but if these figures continue - it will go a long way!
TAM Price at posting:
12.8¢ Sentiment: Buy Disclosure: Held
