Yesterday both KGL and OBJ made announcements to the stock exchange. I’ll keep this post short cause I am very keen to discuss the OBJ announcement (you will see why soon).
Anyway, onto KGL, the announcement wasn’t bad, nor was it spectacular. It basically confirmed that the final assay results from the preliminary diamond drilling at the Jervois Project in the Northern Territory had been completed.
The drilling continued to hit significant copper and silver intersections and the mineralisation is confirmed to the north, along strike, from the Bellbird Deposit.
Sometimes I think the most important information is contained within the heading. As a result I don’t think we can understand the importance of the words “significant multi-metal project”. At the very least we could be sitting on a Copper mine (subject to the usual feasibility study of course) with silver credits. On top of that you can throw in some lead and potentially gold (only minimal).
The completion of this drilling program should also lead to some further news shortly with an updated resources expected to be announced at some point in the near future.
Link to announcement
No comments:
Post a Comment