LNY 0.00% 0.6¢ laneway resources ltd

I don't reckon that they have any intention to get out of NZ too...

  1. 13,065 Posts.
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    I don't reckon that they have any intention to get out of NZ too soon. This is from their latest Presentation.

    "There are still several drill ready target areas within the project area. The most exciting of these areas is the 500m long Jubilee trend which was historically mined around the turn of last century with recorded production of 1,300Oz of bullion from 2,118tons of quartz, further reports state quartz veining up to 32 feet wide in the lower levels 200m below surface.
    This area has only had 2 holes deeper than 200m drilled,
    it also has significant open depth potential particularly when compared to the Maria vein within the Karangahake Goldfield which sits 7km directly along trend as shown below.

    Results from reanalysis of core from ML18 (0.3m@521g/t Au from 170.3m) show similarities to a Hishikari, a high grade vein style deposit which was discovered by an intercept of 0.15m@290g/t Au, 200m below surface.
    Similarities between Karangahake and Jubilee suggest that mineralisation continues at depth below existing workings at Jubilee" 

    They will AT LEAST drill that ML18 below 200 metres.

    BUT, they need the cash from Agate Creek to fund it and they won't get that until they get the ML!!!!
 
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