Time was December 2007.
Twangiza and Namoya are a "promise".
The stock price....13 dollars per share.
Now,
Twangiza is 100% gold production and full steam ahead.
Namoya, is a quarter or two from 100% capacity gold production.
And we are debating whether stock stock should be 15, 20, or 25 cents per share.
Thank goodness the banks plant aliases on these boards to "Temper" our expectations, until they acquire most of the common shares.
Thank goodness.
December 2007......
Among the highlights of the 2007 exploration program was the discovery and expansion of the gold deposit at Twangiza North, a new trend of approximately 2,500 metres in length, extending directly north from the Twangiza Main deposit. The full Twangiza trend now consists of 3,200 metres of gold mineralization.
This new discovery was a result of drilling out a +100 ppb gold-in-soil anomaly that has a strike length of approximately 1.8 kilometres. Unlike the gold mineralization at the Twangiza Main deposit, which is hosted predominantly in shales and siltstones, the mineralization at Twangiza North is associated predominantly with feldspar porphyry sills that have intruded westerly dipping sediments (shales and siltstones). The mineralization in this lithology is non-refractory and open at depth and to the north.
The Twangiza North discovery, together with continued infill drilling along the Twangiza Main deposit, led to a significant increase in resources at the property during the year, with Measured and Indicated Mineral Resources at Twangiza as a whole increasing by 29% to 3,872,000 ounces of gold (53,629,000 tonnes grading 2.25 g/t Au). The Inferred Mineral Resource at Twangiza increased slightly to 2,705,000 ounces of gold (46,188,000 tonnes grading 1.82 g/t Au).
AI
