Yesterday Kentor Gold released the results of a HeliTEM Survey of the Gabanintha Gold-Copper project. As a result of the feedback received from this survey Kentor will proceed with a exploration drilling program.
Modelling of the targets will commence this month and will provide Kentor with estimates of size and orientation to help direct follow-up drilling. The proposed drilling with Gabanintha will form part of Kentors overall 20,000m RC program across their Burnakura and Gabanthina projects.
In is also important to note that this regional exploration is in addition to the drilling planned to increase the upgrade the existing Gabanintha inferred resource which currently stands at 203,000 oz of gold.
Overall it was a positive announcement, but certainly not enough to exit the market by any stretch of the imagination. We all eagerly await news on Andash and the Jevois upgrade.
Hi Paul,
ReplyDeleteSounds interesting but the market isn't twigging just yet.
Hi Tom
ReplyDeleteI agree. The market will pay 0 attention to this announcement.
Andash and Jervois are more important.
Any results from Gabanintha will only be important in the longer term.
Thanks for commenting,
IP