Analysguiden: Gold price lifts project value
Gold prices have continued to rise which leads to higher project valuations. An ounce now costs more than 1600 USD. The drilling program in the Maly Patom area has been concluded without any substantive findings, though the geology supports the possibility of future findings.Kopy Goldfields has finished the first drilling season in the exploration of the Maly Patom licenses. Although no commercial grade ore bearing layers were found, the structure supports the possibility of such findings of at least 1 Moz of gold. More exploration will be needed. Milestone payments from the sale of