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BGS 33.0¢

BGS major gold discovery - Koting

  1. sydneysider

    3,363 Posts.
    The Koting prospect is identified by an arsenic in soil anomaly that has a strike length of 5kms.

    Results released yesterday have highlights that include 4m @ 14.05 g/t au from 4 m (which you could dig out with a small back hoe) and 50m @ 0.9 g/t au which is now a multiple hit indicating the presence of host rock that is at least 50m wide over a 100 -150m strike line.

    Drilling has identified two parallel gold trends that run 200m apart and extend for 400m and remain open to the north and south. NTAC295 identified 12m @5.79 g/t au (and in mineralisation at the end of the hole at 60m) at the most south easterly location of current drilling.

    What we are getting here are very wide zones of mineralisation that carry very high grade stacked gold zones that are at surface.

    IMHO we are looking at conceptual potential that is well north of 2M ounces of gold at Viper, Ntiola and Koting AND will lead to a major market re-valuation. Do not be surprised if there is deal making now underway with Randgold for a gold production JV AND that Sprott will open its check book to increase its equity position by exercise of $0.025 options. I suspect that Rick Rule will be beating the jungle drums on this very exciting data to his U.S. based gold investors as a prelude to a very bullish flow of ongoing announcements. Good luck to all longs.

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