Wow this a medium termer with +million oz deposits

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23/01/17

10:51

Post #: 22071176
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Originally posted by Towball ↑

Just a few impatient people offloading, gonna take a bit more time now until the next influx of news is upon us.

As I've stated earlier, really looking forward to the second round of drilling, glad also we won't need another cap raising until after the next round. Plenty of upside here:

"Results from this program have been encouraging, indicating the potential for the discovery of a large, high‐quality gold system. Planning for follow‐up exploration programs is now underway with further drilling planned during the March 2017 Quarter."

"High‐grade gold mineralisation has been encountered at Dacian Gold’s neighbouring Mt Morgans Project, where BIF, ultramafic and felsic porphyry stratigraphy is intersected by north‐east trending faults that reactivate pre‐existing shear zones, intrusions and faults during later gold mineralising events, e.g. the Westralia footwall mineralisation. A number of deposits at Mt Morgans are associated with Syenite intrusions (e.g. Jupiter). Syndicated believes that the presence of gold mineralisation associated with sulphide alteration, in several orientations, at a number of geological settings on the Monument Project (including the Korong BIF deposit) are all associated with and controlled by the reactivation of the cross‐cutting faults by late stage granite and syenite intrusions. The varied and widespread nature of the mineralisation encountered to date is indicative of a large mineralised system.''

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Wow this a medium termer with +million oz deposits

SMD Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
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Wow this a medium termer with +million oz deposits

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Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

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NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

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CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

HotCopper Highlights: Your most watched stocks for Week 46, 2024

Banshee's historic trenches prove rich in antimony and gold for GDM

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain