PDA

View Full Version : Goa - Gold Anomaly - PNG Gold



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

elZorro
13-02-2012, 08:18 AM
What do you think of this one (GOA) at the moment Trackers? It's sitting at the lower threshold, I don't think investors will let it go any lower, and they are nicely spread out on the major shareholders table. Anyone selling out won't do too much harm to the share. Has shown potential to make sharp moves upwards on good news.

http://www.goldanomaly.com.au/irm/ShowStaticCategory.aspx?CategoryID=210&HideTopLine=True&masterpage=2

trackers
13-02-2012, 11:50 AM
Tricky one elZ, it is pretty low comparably, but $27mil market cap is still pretty reasonable. I ended up bailing as I thought the grades coming in were ultimately going to end up uneconomic (albeit relatively large intersections of it).

you're right about upside potential though, and decent intersection at a high grade could see it take off!

elZorro
23-02-2012, 12:39 PM
This isn't huge news, but might prompt some action.

http://www.asx.com.au/asxpdf/20120223/pdf/424k4bbhs55cnn.pdf

elZorro
27-02-2012, 12:44 PM
Instant response to this news today..

http://www.asx.com.au/asxpdf/20120227/pdf/424mk81ypjh5hm.pdf

There's been a lot of gold found in PNG.

http://www.asx.com.au/asxpdf/20120227/pdf/424mghw81hl4sw.pdf