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I bought $500 in each account to try to get an allocation in an SPP. The company went to sophs for the cap raise so I have a few orphan amounts.

 

I noticed they are halted pending interpretation of a drill hole...given the run up from 2pm I guess it was well mineralised??

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G'day all,

 

Fairly recently bought in and liking the opportunity to buy at this price. Thanks to all the long term holders for your informative posts! I plan on joining you for the long hall assuming we get the news I expect over the coming weeks. Quick summary below to save time for any potential new holders:

 

Garden Gully, wholly-owned by Thundelarra, comprises 15 granted Prospecting Licences and 2 granted Exploration Licences covering about 78 km2 located in Western Australia about 20km north-west of the mining town Meekatharra. The Garden Gully had two major periods of activity from 1894-1901 (the main reason for establishment of Meekatharra) and again from 1909-1917. The Crown Prince gold mine which is currently being drilled was the most significant during these periods - 1980's exploration results report drill intercepts that include 10.6m at 13 gpt Au. Lydia (next door to Crown) is also currently being drilled after successful drills in the past 12 months have confirmed significant gold mineralisation including visible gold in 7 metres at 24.5 pgt Au. A recent credit raising to fund these drilling programs together with profit taking look to be the cause of the drop in share price. The SP downward momentum was halted on 3/10/17 when it came to light that Philip Crabb the company's chairman dropped $500,000 of his own cash into the company.

 

Lydia

- Latest drilling announcement 10/10/17 - ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“The reverse circulation (ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“RCÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ÂÂ) drill rig collared the first hole of the follow-up programme at Lydia and drilling is now well underway.ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ÂÂ

- The infill drilling target is to lock in an initial resource - map and publicise a mineable find.

- Recent drilling only 4 months ago used downhole intercepts to confirm a 500 metre gold mineralisation strike length.

- Found more than a dozen significant intersections. Possibly the best being TGGRC073 from 97m to 102m 3.8Au(g/t) and 105m to 135m at 3.0Au(g/t).

- Figure 4 of announcement 20/6/17 also displays an interpreted geometry of the main Lydia Shear Zone with potential significant intercepts of the gold shoots at depth.

 

Crown Prince

- Drilling Ann 4/10/17 ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“collared first hole and drilling is underwayÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ÂÂ

- Programme designed to comprise 12 holes for total advance of 2,000 metres

- "Historical gold production here totalled about 21,000 ounces at an average grade of approximately 21 grams per tonne." I'm assuming that this production mainly took place between 1894-1901 although I may be completely wrong here? Anyone know? Obviously technological advancement over the last 100 years is a game changer.

- "Unquestionable potential to host significant further gold mineralisation."

 

Finally, the weather has been kind to the drilling of late with zero millimetres of rain for October so far and none coming up for the . http://www.bom.gov.au/climate/dwo/IDCJDW6083.latest.shtml

 

Feel free to correct me if any of the above is ill-informed. Very much a short overview so DYOR.

 

Cheers and GLTAH

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