OXX 0.00% 2.8¢ octanex limited

For those that couldn't access the link from the *...

  1. 276 Posts.
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    For those that couldn't access the link from the * website:

    "OCTANEX (ASX:OXX)

    The $15m market cap gold explorer has kicked off early-stage soil sampling at the ‘Sefton ‘gold project in WA.

    The aim of the program is to define gold and copper-gold anomalies for follow-up drilling, OXX says.

    “Due to widespread transported cover and the deep weathering profile of the region, low values of gold and other ‘pathfinder’ elements in surface material are considered significant and may provide indications of gold in the bedrock,” the company says.

    “The company considers this area highly prospective for the discovery of a major gold resource.”

    Usually, news like this does not result in a +140% share gain, but this is 2021 and markets are crazy.

    In April, OXX’s share price also surged to hit 28-month highs on encouraging early exploration results at ‘Sefton’, before falling back.

    Today’s early gain has the explorer up ~200% year-to-date, but below those recent highs of ~8c per share."
    DYOR IMHO biggrin.pngbiggrin.pngbiggrin.png

    Last edited by uazy4: 17/09/21
 
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