Nice steady work growing the resource and working towards the DFS. I do like this news.
DIAMOND DRILLING UPDATE Westralian Diamond Drilling Pty Ltd, the Company’s diamond drilling contractor, is currently completing the fourth round of diamond drilling at the Rothsay Gold Project. A total of eight holes have already been completed as part of this programme on both the Woodley’s and Woodley’s East Shear, with the objective of increasing the Resource with depth extensions in the south and central areas of both shears.
Drilling will continue over the coming months as part of an in-fill programme on both Woodley’s and Woodley’s East Shear designed to increase the resource category confidence.
The New Year will see diamond drilling commence along the length of the Miners and the Clyde Ultramafic units. This will target mineralised intersections at 200-250m down-hole. This area has never been drilled beyond depths of 100m, but is littered with historical high-grade underground workings.
By the early new year we could be sitting on a far more gold. At some point the market will notice EGA.
EGA Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
