Past year: ▲ 1131%(11.5c – 2.07 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
22 Apr 2022drilling result▲ GoodMajor
Six more El Guayabo holes each hit over 300m of mineralisation, including 809.9m at 0.3 g/t AuEq. The main zone now extends to 1km of strike and up to 1km wide; the first two of fifteen new soil targets also hit. Grades are mostly low.
30 Mar 2022drilling result▲ GoodMajor
Hualilan drilling extended high-grade mineralisation in several zones; 48 of 58 holes hit. GNDD-491, the first deeper western Magnata hole, hit 27.0m at 8.9 g/t AuEq; Sentazon was extended 250m down dip. Follows earlier Magnata and Sentazon results; more assays pending.
9 Mar 2022drilling result▲ GoodMajor
El Guayabo hole GYDD-21-008, the pending result, hit 257.8m at 1.4 g/t AuEq from near surface, including 53.7m at 5.3 g/t. With historical holes, it outlines a higher-grade zone 100-150m wide that is open. Colorado V drilling has begun.
23 Feb 2022drilling result▲ GoodMajor
Four more El Guayabo holes all hit; GYDD-21-006 returned 309.8m at 0.7 g/t AuEq, including 53.6m at 1.5 g/t. Six holes now outline a zone 500m long and 300m wide, open along strike and at depth. Hole 008 assays are pending.
15 Feb 2022drilling result▲ GoodMajor
Verde Zone's best hole, GNDD-458, hit 67.7m at 7.7 g/t AuEq from an undrilled 200m section, including 0.5m at 834 g/t. Results from 64 holes (97% hit) support Verde as a continuous 1.5km zone, open at depth; 4 of 9 rigs now drilling it.
25 Jan 2022drilling result▲ GoodMajor
Exploration holes pushed Hualilan mineralisation beyond known limits: Verde Zone found 400m south (97.8m at 2.2 g/t AuEq), a possible third fault 400m north of Sanchez, and a 1,000m-deep hole ending in 4.0m at 5.8 g/t. Strike extent now 3.5km.
13 Jan 2022drilling result▲ GoodMajor
First El Guayabo hole in Ecuador (GYDD-21-001) hit 784.3m at 0.4 g/t AuEq to the end of hole at 800.5m, including 30.0m at 1.1 g/t. Company calls it a major gold-copper system. Grade is low but the interval is very wide; higher-priority holes are pending.
29 Dec 2021drilling result▲ GoodMajor
Eighteen Magnata Fault holes all hit, extending high-grade mineralisation up to 240m deeper and 130m west; one hole hit 1.1m at 44.5 g/t Au at 530.7m. The fault now spans 520m of strike and 500m vertically, still open, building on the earlier 14.2m at 13.6 g/t hit.
22 Nov 2021drilling result▲ GoodMajor
First shallow hole into the Hualilan Hills (GNDD-397) hit 5.0m at 19.9 g/t AuEq, including 3.0m at 32.5 g/t. Supports the company's view that the best grades lie up-dip of earlier drilling. 49 up-dip holes planned; 12 done, assays pending.
4 Nov 2021drilling result▲ GoodMajor
Sentazon hole GNDD-378 hit 63.3m at 9.8 g/t AuEq, including 24.1m at 23.3 g/t. It is the best Hualilan hole on a gram-metre basis, beating the historical record by over 50%. Sentazon now extends over 400m down dip and remains open.
19 Oct 2021drilling result▲ Good
Eight more Sentazon holes all hit, including 4.6m at 25.6 g/t AuEq (GNDD-044e). High-grade mineralisation extends another 100m down dip, a 50% increase. Further deeper holes show massive sulphides, and the program is expanded again.
30 Sept 2021drilling result▲ Good
First three of the 37 pending Verde holes all hit, including 49.0m at 2.4 g/t AuEq (GNDD-336) deeper than earlier, lower-grade drilling. Supports the company's view that earlier holes stopped short of the main zone. 34 holes' assays remain pending.
27 Sept 2021drilling result▲ GoodMajor
Verde Zone drilling, found in March, now suggests continuous mineralisation over 1.5km and 300m depth, with grades improving at depth, e.g. 62.0m at 2.1 g/t AuEq. 37 more holes' assays pending; infill drilling aims at a JORC inferred resource.
27 Sept 2021drilling result▲ Good
Verde Zone drilling (55 holes) supports 1.5km of continuous mineralisation, with grades improving at depth, e.g. 62.0m at 2.1 g/t AuEq in GNDD-254. Only five holes missed. Assays for 37 more holes are pending. Repeats the earlier Verde release with added detail.
20 Aug 2021drilling result▲ Good
First deep Sentazon hole GNDD-314 returned 2.8m at 62.5 g/t AuEq in the new Footwall Zone, extending it 75m down dip, plus 17.5m at 1.9 g/t in the main manto. Highest grades yet at Sentazon; further deep holes' assays pending.
12 Aug 2021drilling result▲ GoodMajor
First 13 holes of the Sentazon follow-up program doubled the dip extent of high-grade mineralisation to 200m and confirmed a second footwall zone, including 16.9m at 16.9 g/t AuEq. The program is expanded to 32 holes, with at least one of nine rigs dedicated.
29 July 2021drilling result▲ GoodMajor
33 step-out holes on the Magnata Fault all hit mineralisation; GNDD-288 returned 14.2m at 13.6 g/t AuEq, over 100m deeper than before. Mineralisation now spans 400m strike and 400m depth, open in all directions. A third high-grade zone was identified.
21 July 2021drilling result▲ Good
Follow-up testing on low-grade intrusion-hosted material lifted concentrate grade from 31.4 to as high as 53.6 g/t gold, with gold recovery slipping from 94.9% to 93.4%. The company expects payability above 90% and lower transport costs. Builds on May's 94.9% result.
1 July 2021drilling result▲ GoodMajor
Channel sampling in the Hualilan Hills returned the highest grades yet, including 15.6m at 71.7 g/t AuEq (4.0m at 203.8 g/t) and 64.8m at 28.3 g/t. The company will buy a ninth, man-portable rig to drill the undrilled up-dip zone.
16 June 2021drilling result▲ GoodMajor
Drilling at Verde, found in March, shows mineralisation over 1km of strike, including 155.5m at 0.7 g/t AuEq and 52.0m at 1.2 g/t. The company thinks it may be a continuous 1.2km zone, still open. Eight rigs are expected on site by end-June.
3 June 2021drilling result▲ GoodMajor
Underground channel sampling found high-grade mineralisation 550m south of previous drilling, including 13.0m at 15.5 g/t AuEq, extending Hualilan's strike from 2.1km to 3.1km (about 50%). Completed adit sampling supports a continuous high-grade zone from Magnata to Sentazon.
17 May 2021drilling result▲ GoodMajor
First metallurgical test on lower-grade intrusion-hosted material gave 94.9% gold recovery by gravity plus flotation, better than the 91-94% on high-grade skarn in February. Concentrate from high-grade material is very low in arsenic; the company says early off-taker talks suggest high payability.
5 May 2021drilling result▲ GoodMajor
New Hualilan holes include 69.2m at 3.4 g/t AuEq (GNDD-196) and 44.0m at 3.3 g/t (GNDD-204). Magnata intrusion-hosted mineralisation is extended 200m north, with a 400m northern target. Gap Zone infill found unexpected high-grade zones. Further assays pending.
20 Apr 2021drilling result▲ Good
More channel sampling at Hualilan includes 96.5m at 15.4 g/t AuEq at Cerro Norte, plus 22.5m at 12.9 g/t AuEq at Magnata. It extends high-grade mineralisation up-dip of drilling and supports the planned maiden JORC resource including near-surface material.
14 Apr 2021drilling result▲ Good
Magnata Fault step-out drilling at Hualilan returned 5.2m at 21.0 g/t AuEq (GNDD-189) and 21.8m at 4.5 g/t AuEq (GNDD-203), extending mineralisation 100m deeper to 260m vertical. Assays are pending for 19 more Magnata holes, and 15 more holes are planned.
25 Mar 2021drilling result▲ GoodMajor
Hole GNDD-182 unexpectedly hit 4.3m at 36.6 g/t AuEq (31.8 g/t gold) of high-grade skarn, almost 200m from the nearest previous high-grade skarn hole. It is the first such skarn found west of the Gap Zone intrusives, and a down-dip follow-up hole is being fast-tracked.
23 Mar 2021drilling result▲ GoodMajor
First rock-saw channel samples from the Main Manto at Hualilan return 71m at 10.8 g/t AuEq, including 6m at 89.3 g/t gold. Results suggest near-surface mineralisation is thicker than historical sampling showed, supporting a planned JORC resource; the sampling program is being expanded.
2 Mar 2021drilling result▲ GoodMajor
Three step-out holes at Hualilan's Cerro Norte, in an area with no outcrop or previous drilling, hit mineralisation, including 125.5m at 1.1 g/t AuEq (GNDD-169). The company calls it a second 'Western Zone' trend about 200m west of the Gap Zone, with similar geophysical targets still to test.
22 Feb 2021drilling result▲ GoodMajor
Phase 1 metallurgical tests on Hualilan skarn at SGS give gold recoveries of 91-94% and silver 84-86% by gravity plus flotation, versus about 80% in historical testing. Resolves the pending Phase 1 results; Phase 2 and intrusion testing follow.
11 Feb 2021drilling result▲ GoodMajor
Gap Zone intrusion holes return 227m at 1.0 g/t AuEq (GNDD-113A), 209m at 1.1 g/t and 207.5m at 0.8 g/t. The company says the intrusion-hosted system now spans 2km of strike and the Gap Zone footprint has doubled. Many southern assays still pending.
