Found the following details in a New Guinea Gold announcment. (http://www.newguineagold.ca/investors/financial_reports/2008/Dec%2008/NGG%20Corp%20Dec%202008%20MD&A%20as%20lodged.pdf)
"The Nakru and Simuku projects have separate gold and/or molybdenum potential which may be amenable to early development. At Nakru, trench results included 35m at 7.26g/t gold and 42m at 2.70g/t gold including 3.0m at 16.8g/t gold. At Simuku, trench results include 78m at 0.133% molybdenum and drill results 19m at 0.32% molybdenum and 0.10% copper"
and
"Coppermoly have stated that a resource estimated in accordance with the guidelines of the JORC Code (Australian standard) will be released in the near future."
:Given NGGs stance on trying to develop as much gold as possible, the NAKRU results would be of great interest to them
COY Price at posting:
6.1¢ Sentiment: LT Buy Disclosure: Held
