.
Genesis Minerals Limited (ASX:GMD) says it has confirmed significant shallow oxide gold resources at its Viking Gold Project in Western Australia.
Genesis owns 100 per cent of the tenements after paying AngloGold Ashanti Limited (ASX:AGG) $50,000 for the project along with a deferred payment of $2 per measured ounce of gold.
Initial drilling has revealed a wide zone of near-surface gold potential and further drilling should indicate an initial resource estimate by the end of June.
The Viking project is close to established gold mills and mining infrastructure and Genesis believes this resource can be cheaply developed and extracted.
Genesis Minerals Limited (ASX:GMD) reported a net loss of $1.76 million in the 2014 financial year.
News: Genesis strikes gold at resource
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add GMD (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.56 |
Change
0.040(1.59%) |
Mkt cap ! $2.392B | |||
| Open | High | Low | Value | Volume |
| $2.54 | $2.56 | $2.53 | $1.256M | 492.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 46783 | $2.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.56 | 48645 | 19 |
View Market Depth
| Last trade - 10.59am 28/11/2024 (20 minute delay) ? |
| GMD (ASX) Chart |
