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THX 1.8¢

gold projects encouraging

  1. westaussie

    1,803 Posts.
    I have been following Mawson West “MWE” on the strength of their Norseman Gold project “Maybell” They reported to the ASX a couple of days ago that they have appointed Robert Smakman to head the exploration team and he will get a million options if he can prove up a 50,000oz gold inferred reserve. Robert has a very good reputation and if anyone can achieve this goal he can.
    MWE will be very happy when this happens and you would assume there share price will improve. So ! what has this got to do with THX?

    Someone in THX are due for some options as they have proven inferred reserves of some 115,000oz’s. This is made up of 46,000oz “Baron Rothschild” ands 69,000oz (THX 70%) “Rothsay”. All in the South Murchison gold fields.

    Apart from these proven reserves they have reported some encouraging drill and soil indications on a huge land bank of claims in the area (approx 1,000 sq km’s)

    Results that include “Fields Find” 7m @ 13.50 g/t & 8m @ 8.22g/t.. “Monti Cristo” 12m @ 4.6 g/t. “Stone Hut” 8m @ 5.77 g/t and 14m @ 1.78 g/t, “Jester” 4m @ 9.84 g/t, “Pierrot” 4m @ 51.2 g/t, “Chuckles” 6m @ 8.22 g/t and 4m @ 9.84 g/t, “Raven” 7m @ 13.5 g/t and 8m @ 2.31 g/t and 4m @ 6.6 g/t, “Weido” 3m @ 4.49 g/t and 4m @ 2.83 g/t.

    THX are now going to get stuck into these areas and follow up with further drilling. Gindalbie “GBG” have proven that this area has enormous potential and don’t be surprised if they are not already talking with THX as one JV has already been consummated.

    The Norseman “Water Tank” gold project is the one that could reward shareholders very quickly as I have heard all EPA constraints have now been met and after completion of a causeway across the lake, drilling will commence."CRS" the locals will be very interested in what they uncover.

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