trackers
13-07-2011, 10:31 AM
$57mil market cap.
Have the beginnings of a nice find in PNG
Yesterday announced a new drill result from maiden drill programme (into new mineralisation) of:
2m@ 98.20g/t Au within 46m @ 5.90 g/t Au zone
Other results from another zone include:
286m @ 0.82 g/t Au (to end of hole)
215m @ 1.46 g/t Au
Results from another drill that hit the same mineralisation expected within a week.
Director of Exploration Peter Macnab is a respected geologist that has been in PNG for a long time and responsible for some massive finds (i.e Frieda River - 14mil oz gold, 7.5mil tonnes of copper), check out article at bottom of here:
http://www.hotcopper.com.au/post_single.asp?fid=1&tid=1502635&msgid=8573748
GOA raised $3.6mil in May for the drill programme
GOA also has small project in Production in very small scale in S.America with a project that a TSV listed firm has option of buying 75% of, after relevant expenditure etc.
GOAOA offers not too bad leverage - 30Jun2012 @ 3c - I picked up a few yesterday at 2.2c.
Might stick with them until the next drill result at least, but good for the watchlist at the very least
Have the beginnings of a nice find in PNG
Yesterday announced a new drill result from maiden drill programme (into new mineralisation) of:
2m@ 98.20g/t Au within 46m @ 5.90 g/t Au zone
Other results from another zone include:
286m @ 0.82 g/t Au (to end of hole)
215m @ 1.46 g/t Au
Results from another drill that hit the same mineralisation expected within a week.
Director of Exploration Peter Macnab is a respected geologist that has been in PNG for a long time and responsible for some massive finds (i.e Frieda River - 14mil oz gold, 7.5mil tonnes of copper), check out article at bottom of here:
http://www.hotcopper.com.au/post_single.asp?fid=1&tid=1502635&msgid=8573748
GOA raised $3.6mil in May for the drill programme
GOA also has small project in Production in very small scale in S.America with a project that a TSV listed firm has option of buying 75% of, after relevant expenditure etc.
GOAOA offers not too bad leverage - 30Jun2012 @ 3c - I picked up a few yesterday at 2.2c.
Might stick with them until the next drill result at least, but good for the watchlist at the very least