Hi Diatribe. yes a shame about the Gazelle EL but a lot happening here beside Sinivit which is still on the cards. Currently running a CR to raise $1M but may need extending due to the over reaction of the market to the Gazelle knock back. Turned around on Friday and expect it to keep building again. Currently have three tenements all with gold and copper. Bugalo assays sometime in the next 4 weeks. last hole came in at 50g/t average with peak grade at 183g/t. This next lot is testing a new 350m wide zone that crosses the previous. They have drilled down 300m to see how far it goes. Really exciting. sediment and grab samples also to assay as well as some more drill cores. 14 samples from Muller to analysis also to help determine where to start drilling. Potential JV partners for Muller will visit sometime in late August or shortly after the PNG elections. Will fit in well with the lab result and determined drill sites. may even have the drill on site by then to show of the cores. Andrewa is the old stomping ground. Peter knows a fair bit about it and has been breaking it down for years. Has extended through to Stoneleigh now and Aria which are new areas with little to know exploration but huge potential. Tolukuma is the new application which is also exciting. Locked up for 31 years and Peter happened to notice it was available and pounced on it as did Rio Tinto. both different areas but sharing a boarder. Huge potential for another JV there I feel. Still more to come with Lake Lavu and Sewatupwa, and yes of coarse Sinivit when/if we get it. Heaps of reports to read. Peters reports are probably the most detailed reports I have read on the market.
cheers
Dog
FNT Price at posting:
2.5¢ Sentiment: Hold Disclosure: Held