Pelangan Gold ProspectCan anyone shed any light as to why no work is being carries out on the Pelangan Gold Prospect.
The area looks exciting with numerous veins and breccias, SA maps and x-sections suggest that the area would have the potential to host +1Moz Au, (back of hand calculation).
most sections only have one hole completed, a short programme of drilling would enable a 43-101 resource to be completed.
While it's great to find out about the long Blongas & Montong Cu-Au intersections the Pelangan project has significant potential and I would like to see it explored fully. Aggreed that the real value lies in the porphyry targets but a resource estimated at Pelangan would give the company a significant boost and lift the price back up to where it should be.