Hopefully, we can get some new shareholders today from this presentation in Western Australia.
The best part about this presentation is that drilling has started in target 4 and we know what that can produce: 15m @ 18.21 (total 273.15 grams) and 3m @ 25 grams (total 75 grams). Plus it is open in a number of directions.
However, something about this presentation was different!!!
Further drilling at Target 4 has commenced and will be followed by initial testing of Target 5.
Ok target five has never been mentioned prior. They have some great targets in Targets 1 to 4. So they must have good information on target 5 to leave the other targets alone and step out to a new area. I think they have identified this target via the old historic iron ore drilling that they have retested.
This project in my research had around 30,000 meters drilling done looking for Iron Ore. But to date, AGS have only released 5000 meters of retesting for gold. Have they had more tested for gold, do they need to release by law the additional? Just a theory.
AGS Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
