They reckon the whole project could contain up to 3mill oz, wow, but that there could be 1mill ounces down dip, below 400m. Interested to see what that 'visible gold' core delivers, the deepest hole yet on Woodley's.
For the Company to realise a significant re-rating and be counted amongst the +100koz p.a. gold developers, it only needs to continue infill and extensional drilling at Woodley’s and Woodley’s East. Down-dip extensions appear to be the obvious source of significant gold resource extensions which will be most efficiently achieved via underground development and drilling. Any additional economic mineralisation zones on any of the other prospective structures would be a welcome bonus.
EGA Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
