re: + transactions could be bullish +
Please refer to the map mentioned in my previous post.
From the special report to Shareholders:
Extract:
The Southern Ashanti Gold project which now includes both the Salman and Anwia deposits encompasses over 20 kilometres of strike of the Main Salman Trend as well as several highly prospective and poorly tested parallel trends associated with the broader Ashanti Gold Belt.
The Company believes the exploration ground adds significant value to the project and provides real opportunity for further discoveries.
The applications were completed following commencement of a 22,000 metre RC drilling program targeting 3.6 kilometres of the Main Salman Trend.
Drilling is focussed on identifying additional near surface mineralisation along strike from the recently identified Central and Northern Zones where the Company defined extensive, broad, near surface gold mineralization extending over significant strike lengths.” __________________________________
Sofar the Main SALMAN trend has 3 projects: ANKANKO Prospect---SALMON Deposit and the DADWEN prospect. (there could be more prospects on the newly required area of the Southern Trend leading to the sea).
Drilling has proceeded at Salman South for some time and we may see results shortly.
After the aquisition has ben completed , the number of shares wil be 65.75 mill and there are 15 mill. unlisted 2004-2006 options.
Gerry Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.
ADU Price at posting:
0.0¢ Sentiment: None Disclosure: Held
