Cash-rich TrueGold Mining (TGM.V) has announced its 20,000 meter drill program was successful in extending the strike length of the Karma project from 1400 meters to 3400 meters. This obviously bodes well for an updated resource estimate on the project which consists of five different deposits which will be mined and processed in a central facility.
TrueGold expexts to release the results of a feasibility study before the end of the year, and we are confident to see a confirmation of the excellent economics reported in the PEA last year.
> Click here to read the press release
Disclosure: The author holds a long position in TrueGold Mining. Please see our disclaimer for current positions.
