AIM Corleone retweetledi

#ROCK. My biggest holding. £11m market cap, zinc and germanium in Greece, gold options in Australia. Two RNS this month.
First, Molaoi. Hole 17 lab results: 52.3 g/t germanium over half a metre, 1m at 16.1% zinc, 5.9m at 5% zinc with silver and germanium throughout. Drilling is there to move the Inferred resource to Indicated. Germanium keeps showing up hole after hole. It is starting to look like part of the deposit, not a slide in the presentation.
The CEO made a point worth noting. 1m at 16% zinc fits a 2m minimum mining width, which still gives 8% zinc before silver and germanium are added. That is mine plan language, not exploration language.
Second, Marengo in Queensland today. Partner Eastern Resources reported rock chips with 20 samples over 1 g/t gold, 13 over 5 g/t, peak 12.3 g/t. Eastern funds A$1.5m of exploration over three years to earn 80%. Rockfire spends nothing and collects A$1m if a 500,000 oz resource gets declared. Surface samples only, but it is optionality someone else is paying for.
Still waiting on labs from holes 18 and 19. The pXRF readings from 19 look strong, but the machine does not read germanium, so patience.
Core thesis unchanged: 15Mt at 7.26% zinc Inferred at Molaoi, moving towards Indicated and an underground plan. The rest of the portfolio is starting to fill in around it.
Holding.
Not a trade rec. Do your own work.
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