Some well reputed HC members with a heart argue, that only the geological "Hardey Formation" qualifies a project for the exclusive Witswatersrand 2.0 gold conglemerate club.
I searched a bit and was well surprised, when finding this in the geology description of nearby Northern Star's Paulsens Gold Mine (only some kilometres away from our new exploration licences).
Source:
https://www.nsrltd.com/our-assets/paulsens/
I was even more delighted after i detected that Paulsens Mine is running out of ore in the next years.
The mine produced in average 75k oz p.a. in the past. The forecast for 2018 is only between 35-45 k oz.
The reserves are with 34k oz reserves and 198k oz ressources not really great. NST need medium-term some fresh stuff to keep the mine alive.
If we really find gold we have infrastructure and mid-term free mill capacity only a stone's throw away.
Would be a classical win-win for NST and CHN.
Cheers
Maigret
Chalice, Hardey Formation and NST's Paulsens Mine
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