Elysium Res ist im gleichen Block unterwegs wie z.B. Artemis, Novo, De Grey
EYM Discovers Nuggets at its Pilbara Conglomerate Gold Asset
Catalyst Hunter 28/11/2017
ELYSIUM RESOURCES
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Elysium Resources Limited (ASX:EYM) has struck gold, in the form of six nuggets at the Bellary Project, 30 kilometres north-west of Paraburdoo.
The discovery comes just a month after the small-cap explorer entered the new Pilbara Gold Rush with the announcement of its acquisition of prospective Pilbara gold assets from Hardey Resources.
Any gold explorer in the Pilbara knows that the potential there is enormous, but so too is the sheer size of the region. Which is why it’s so important that a small play like the $10.7 million-capped EYM targets their exploration efforts strategically.
EYM is an early stage play in the region so investors should keep an eye on their strategy and seek professional financial advice if considering this stock for their portfolio.
EYM has already made a string of smart decisions to set themselves up for success.
Just weeks after entering the region, EYM has already discovered gold nuggets from exploration at the Bellary Project.
The Hardey Formation has been mapped extensively throughout the Bellary Project by the Geological Survey of WA. These findings have led to the widespread belief that Hardey is the region’s best target.
Within the project, 46 sites of interest had been previously identified by Hardey Resources’ geologists. All are located within the target stratigraphy of the Fortescue Group Rocks and many are supported by historic geochemistry gold anomalism.
Now it seems the value of the Bellary Project is about to be unlocked by EYM.