Geita Hills hmm!Just wait on the first resource estimate. I believe we may be pleasantly surprized.
Nothing has changed since 2010 except the story might just get better...so are we talking 1 to 1.5 Mil/oz here.
Look at the ask it's very slim, very difficult to get a big position without a big run up.
The next Ventana or Ventana plus may be at our door steps, take advantage IMHO
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=28456396&l=0&r=0&s=CAN&t=LIST
According to Dr. Groves,
“Here we’ve got the chance to control a very large ground holding in which we’ve got some quite exciting prospects….all of the things were seeing are exposed on the surface, and we’ve got a lot of ground that’s under cover, and our experience elsewhere like Geita has shown the biggest deposit there was under cover.
What was showing on the Geita Hill there was just the tip of the iceberg of something much bigger, and what we see something like Magambaze, the potential is there that this the tip of the iceberg of some system which is much bigger than it., and because we are effectively first movers into this new terrain, we’ve got a ground position that could take advantage of that…
If the deposit isn’t exactly like Magambaze, we’ve got at least 6 km of strike and mineralization, we think from the geophysical work it could be 20 km…we can control that we’ve got the chance that a discovery is going to be made.
The Geita gold mine, owned by Ashanti Goldfields and Anglogold, was officially commissioned on August 10 2000, and is expected to yield a minimum of 14 million ounces of gold.