Palladex Gold plc

Sitiain -

It's www.minesite.com. Halfway down the front page.

I am not sure of the importance of early drilling results, to be honest. Trenching at Aksur has shown significant mineralisation, with some very high grades. the first pass of exploration drilling is intended "....to determine the continuation of the ore-bodies at depth, as well as better define the structural controls on mineralisation." Such drilling is not targeted at finding high grade gold - it can best be described as drilling for shape and size of an orebody. Results can often be disappointing, especially from those cores which are testing extent.

Palladex licences are already estimated to contain over 3 million ounces in Russian classifications, of which C2 equates approximately to Indicated Resource under western reporting codes. What interests me FAR more is the formal conversion of the Russian resources to JORC.