Tip by Tom Winnifrith on investment website T1PS.com on 07.10.04 :
"In the mining world, Caledon Resources raced ahead by 0.75p to 5.125p after website t1ps.com upgraded its stance from "hold" to "strong speculative buy." Last time this website tipped Caledon the shares more than trebled in three months before members were advised to sell half their holdings so guaranteeing a three figure return. The website argues that the risk/reward trade-off now looks more attractive than ever and suggests that corporate activity within the subsector (Chinese gold explorers) is about to explode"
http://www.caledonresources.com//
Trades over 300,000 Shares are delayed in reporting by 1 Hour.


On fundamentals ALL exploration companies without resources can be said to be overpriced. The only assets they have which can have a hard-and-fast value assigned to them are their bank balances.
People invest in explorers because they believe that the projects/management/geo team have the potential to develop valuable mineral deposits. The share price usually reflects the market's opinion about this potential.
In the fulness of time, if Caledon discover deposits which can be proved up to contain a couple of million ounces, those that bought at 5p or even 15p will be seen to have been correct (or fortunate!) in their assessment of risk/reward.
Some details below from the recent WHI broker note on Palladex, I am not suggesting for a moment that anyone go buy Palladex this is just for comparative data where you will see the value of a company compared to it's in-situ gold.
Point is where will CDN be once they show one project is as big as they and we hope by giving an estimate by end of 2004 ?

Caledon Overview:
Caledon Resources PLC is a public company listed on the Alternative Investment Market of The London Stock Exchange (trading symbol: "CDN"). Its mission is to become the leading gold exploration company in “The Golden Triangle” of Southern China

Caledon has assembled a multi-talented, technically oriented management team - one of few with in-depth knowledge and experience in China. All members have over 15 years experience in evaluating hundreds of East Asian sediment hosted disseminated gold deposits
Advanced stage gold exploration focussed on under-explored producing gold mines in China - Exploration active on four advanced stage gold projects: Hengxian, Gaolong, Badu and Mojiang
Caledon’s primary focus: Sediment Hosted, Disseminated Gold Deposits (“Carlin-type”). Quoted from the United States Geological Survey (USGS Open-File Report 02–131): “It is likely that many of the Carlin-type Au ore districts in China, when fully developed, could have resource potential comparable to the multi-1,000-tonne Au resource in northernNevada.”

Corporate Summary
Caledon Resources PLC is a public company listed on the Alternative Investment Market of The London Stock Exchange (trading symbol: "CDN") and has been domiciled in the UK since February 2003. The Company’s primary focus is to enhance shareholder value through the opportunistic evaluation of fertile under-explored gold districts, resulting in the exploration, discovery and development of world-class gold ore bodies. The Company is currently focused on project evaluations and exploration for sediment hosted disseminated (“Carlin-type”) gold deposits situated in Southern China, although other styles of mineralisation are being assessed if they have multi-million ounce potential.

Caledon’s principal area of focus is Guangxi Province where it has negotiated joint ventures with The Geological Survey of Guangxi and is in the process of forming additional joint ventures with the Chinese National Gold Corporation.

Caledon has signed a joint venture agreement covering the Longtoushan Gold mine and 350 sq km’s of surrounding tenements in Guangxi Province as well as joint venture agreement covering various exploration areas under the control of The Geological Survey of Guangxi.

In addition, advanced exploration property acquisitions and joint ventures are being evaluated in Guangxi with The Chinese National Guangxi Gold Corporation and other joint ventures are under negotiation in Yunnan and Guizhou Provinces.

In order to exploit this opportunity, Caledon has assembled a team of geologists whose main focus over the past 15 years has been to identify and evaluate gold occurrences and deposits throughout South East Asia on behalf of several major mining companies.

Of the 300 plus gold occurrences and districts identified and screened over the years by Caledon’s team, five distinct gold districts have emerged as top-priority ranked targets, based on their geological similarities with the multi-million ounce gold districts found in the State of Nevada, U.S.A (“Carlin-districts”). The USGS has identified the so called “Golden Triangle”, consisting of the provinces in which the Company is focused (Guangxi, Guizhou and Yunna), as having similar style mineralisation to the Carlin deposits in Nevada.

To date, five highly ranked areas in Guangxi Province have been identified by Caledon’s team. Applications for mineral titles have been submitted on all five districts and joint ventures are being negotiated where applicable.

Recognising the need for foreign mining investment, in parallel with China’s entry into the World Trade Organisation, the country has adopted a number of sweeping changes that have recently been enacted in their mining legislation. In the country’s bid to attract foreign investment and mend the fractured structure of their mining industry, the Chinese government, through powers delegated to the provinces, allows foreign ownership of up to 90% in mineral titles and producing gold assets. In addition, various tax incentives exist to help foreign gold explorers and producers.

Perhaps the most relevant change recently enacted in China, involves the evolution towards complete transparency within the Chinese gold markets. Companies can now buy and sell gold on the Shanghai Gold Exchange, which quotes gold prices in line with the London Gold Fix rates. Additional mechanisms are currently in place to allow for repatriation of profits from Chinese-based, foreign-operated gold mining operations. Further enhancements are expected within the year.

The group now has all of the key primary ingredients in place in order to position the group for maximum returns.

Those key ingredients are:

highly experienced, South East Asia based technical management with proven exploration abilities,
acquisition / title lock on a number of properties hosting potential multi-million ounce disseminated gold deposits, and
an appropriate amount of financing in place allowing the group to conduct a meaningful first-pass exploration program within these districts.
Given the sweeping changes that China’s mining law has recently undergone, Caledon is well positioned to maximise gold exploration opportunities that exist in the country.

It is likely that many of the Carlin-type Au ore districts in China, when fully developed, could have resource potential comparable to the multi-1,000-tonne Au resource in northern Nevada.”

These are not my words, but the words of the US Geographical Survey or the (USGS). To read there full report on Carlin Deposits you need to go to the link -
http://geopubs.wr.usgs.gov/open-file/of02-131/OF02-131.pdf

The Projects
Hengxian Gold Mine - The Hengxian project is a classic example of a sediment
hosted disseminated gold system ("Carlin-type"), with considerable exploration
potential. At Hengxian, gold is being mined in a north-east trending zone
measuring up to 3 kilometres long and up to 800 metres wide. Gold occurs in
steeply dipping, high grade feeder structures (> 4.5 g/t gold avg.), feeding
flat-lying moderate grade (1-4 g/t avg.) stratiform zones. To date, at least
four sub parallel feeder structures have been defined. The gold mineralisation
occurs on a major regional structure that can be traced for more than ten
kilometres away from the existing workings. Access and infrastructure in the
area is excellent - Hengxian is a two hours drive from Caledon's office base
situated in the Guangxi Provincial capital, Nanning.

Previous exploration has been almost entirely focused on shallow oxide zones.
Gold resources at Hengxian are reported to be 310,000 ounces (Inferred category)
grading approximately 4.6 g/t gold - with those resources having been defined by
only a limited amount of shallow focused drilling, concentrated on the surface
oxide zones (0-60 m depth). Exploration to date has only been focused on a small
- 2.5 kilometre long - portion of the entire 10 kilometre long structure,
initiated on obvious outcropping oxidised sulphides.

Summary results from drilling conducted on Hengxian Hill by Caledon's minority
partners, Taifu Mining, defining the near surface limits of the deposit, include
the following:

Section Hole Number Depth (m) Intercept (m) Grade g/t Au
44 ZK 14 13 50.6 2.02
435 ZK 4351 25 10.1 8.0
ZK 4351 49 14.5 5.03
43 ZK 432 45 41.4 6.44
ZK 5 49 31.0 8.8
ZK 19 102 27.0 4.0
425 ZK 251 50 42.5 3.91
ZK 4255 103 29.1 6.93
ZK 4252 72 12.8 6.16
ZK 4252 90 18.6 4.02
415 ZK 152 42 20.7 3.0
ZK153 65 13.9 4.68
41 ZK 16 10 11.1 3.79
ZK 411 33 24.6 4.0

Intervals between known areas of higher grade mineralisation carry significant
disseminated gold mineralisation, typical of such gold deposits. For example,
drill hole ZK19 reported a 27 metre wide interval grading 4.0 g/t gold,
occurring within a much wider down-hole interval reporting a width of 133 metres
grading 3.24 g/t Au.

Gaolong Gold Mine - Gold has been actively mined at Gaolong by Caledon's
minority partners, Guangxi Tianlin Gaolong Gold Mine Ltd Co for over 10 years.
At Gaolong, surface and limited underground mining can be traced in a
semi-continuous manner over a strike length in excess of three kilometres, with
mining widths averaging 10 to 30 m, to a maximum of 60 m wide.

The Gaolong mine itself is ranked in the top two gold producers in the province
and has been cited by the United States Geological Survey (USGS) as having
distinct similarities to the 15+ million ounce Betze ore body situated in
Northern Nevada, USA (USGS OP 02-131).
Results from past drilling performed at shallow depths immediately adjacent to
zones being mined by the Chinese at Gaolong, are a testament to the bulk minable
nature of the Gaolong ore bodies themselves (i.e. Section #30 - 4.1 g/t over
10.8 m, 3.2 g/t over 33.4 m, 4.7 g/t / 31.3 m). The immediate extensions of
these open-ended zones will form the focus of gold exploration to be undertaken
in 2004.
In the 4th Quarter, 2003, Caledon reported results from a preliminary channel
sampling program at Gaolong, as part of the effort to identify drill targets on
the project. The following is a summary of results from this initiative:

Channel # Sampled Width Gold Grade
Channel 1 44 meters 2.5 g/t
Channel 2 10 meters 3.9 g/t
Channel 3 14 meters 2.4 g/t
Channel 4 28 meters 2.7 g/t
Channel 5 22 meters 2.3 g/t
Channel 6 12 meters 3.3 g/t

Badu Gold Mine - Small scale mining is in progress at the Badu Mine, situated 12
kilometres North East of the Gaolong mine. The Badu mining and exploration
tenements are included within the Gaolong master agreement. The GTGGML's
open-pit mining operations at Badu can be traced in a semi-continuous manner for
over four kilometres along strike, with mining widths averaging 20 to 40 m. Gold
is recovered in the heap leaching of oxide ores, with average head grades of 1
to 2 g/t gold. Caledon is aware of only 1-2 shallow drill holes having being
completed over the entire four kilometre strike length.

Mojiang Gold Mine - A letter of intent has been signed regarding Mojiang Gold
mine. Active mining has been underway at Mojiang since the late 1970s by the
Mojiang Mining Limited Company. The mining at Mojiang was based on reserves of
32 tonnes of gold (>900,000 oz) at a grade of 4-6 g/t Au. At present, the
majority of the gold mining operation is focused on gold production from open
pits and underground mining, with plant head grades consistently reporting above
4 g/t gold. To date, approximately 70% of the initial reserves have been mined.
At Mojiang, individual veins, averaging up to 12 metres wide, have been shown to
host grades in excess of 15 g/t. Individual veins sometimes exhibit bonanza
grades (in-excess of 30 g/t gold), typical of such systems. The veins are hosted
in sediments and acid volcanics, near the contact between thrusted Cambrian
sediments and metamorphosed ultra-mafic volcanics belonging to a regional scale
ophiolite complex, within the Red River Suture Zone.
Examples of diamond drill intercepts at Mojiang highlighted from the earlier
Chinese work include:

Section # Drill Hole Mineralised Intercept
Section 50 DDHZ50-6 41.62m @ 3.34 g/t
Section 51 DDHZ51-16 28.22m @ 4.89g/t
Section 52 DDHZ52-10 53.98m @ 2.72g/t
Section 40 DDHZ93-1 7.93m @ 13.67g/t
Section 40 DDHZ93-1A 8.39m @ 9.00g/t
Section 40 DDHZ94-3 12.35m @ 15.05g/t

Contact Information
London Office
18 Upper Brook Street
London W1K 7PU
United Kingdom
Tel: + 44 20 7318 5780
Fax: + 44 20 7318 5781
Stephen Dattels - Chairman
sdattels@caledonresources.com

Donal Douglas - Deputy Chairman
ddouglas@caledonresources.com
George Salamis - Managing Director
gsalamis@caledonresources.com
Manish Kotecha - Company Secretary
mkotecha@caledonresources.com

Thanks John its the spread that gets me every time. You see a big percentage gain but with a spread of 14% it takes away some of the buzz especially as most of the shares I hold are a bit sluggish today. Things should get a lot better for CDN when the announcement comes through.

Chris read SueHelens posts she explains most things in detail.

10MM trades at last count...

Thought it would be timely to post a reminder of the Hengxian drilling program initiated in September - there was a quiet optimism detectable (esp Salamis's commentary) that this time the exploration might yield more positive results and the all the rumours and buying indications yesterday and today are pointing to a cracking report back, ahead of expectations...the potential of this field is huge...let's hope that we get the follow up RNS soon, perhaps even as quickly as tomorrow morning, otherwise it could well leak out over the week-end .

PRESS RELEASE - DRILLING INITIATED AT THE HENGXIAN GOLD PROJECT
September 17th, 2004
Caledon is pleased to announce the commencement of drilling at the Hengxian gold project in
Guangxi Province, China. The programme is designed to follow-up on the first pass
reconnaissance reverse circulation ("RC") drill programme (1200 metres) completed in April
and May, 2004. During the first-pass programme, Caledon's drilling contractors encountered
difficult ground conditions caused by the oxidised and fractured nature of the mineralisation
and, as such, several of the originally planned drill holes were abandoned and did not reach
their objective. In addition, the drill crews were not able to initiate drilling in key, high potential
areas of the project, due to on-going mining operations within the open-pit.
The current programme, estimated to be roughly 1200 metres of drilling in total, will be
completed with a recently imported combination Diamond Core/RC drill rig. With this rig, the
Company will be afforded the flexibility of using either drilling method according to local ground
conditions, depth of the planned drill holes and the geological and structural information
required. Previous surface sampling conducted in proximity to the current drill targets have
yielded assay runs of up to 2.8 g/t over 25 metres (including 4 g/t over 20 metres).
The Hengxian project is a sediment hosted disseminated gold system ("Carlin type") with
considerable exploration potential. Caledon has targeted the area for some time having
witnessed the impressive strike length and width of the near surface oxide focused mining that
is currently being carried out.
At Hengxian, gold is being mined in a north-east trending zone measuring up to 3 kilometres
long and up to 800 metres wide. Gold occurs in steeply dipping, high grade "feeder" structures
(up to 4.5 g/t gold average), feeding flat-lying moderate grade (1 to 4 g/t average) stratabound
zones. To date, at least four sub parallel feeder structures have been defined. The gold
mineralisation occurs on a major regional structure that can be traced for more than ten
kilometers away from the existing workings.
Under the terms of the agreement with Taifu, Caledon, through its wholly owned subsidiary
Blackwatch Resources, has the right to earn a 70% equity stake in the
combined mining and exploration project by conducting exploration over a three year period.
Taifu will hold a 30% equity interest, of which one third will be free carried and the remainder
carried by a loan, repayable from future gold production.
George Salamis, Managing Director stated; "The Company's return to Hengxian is in keeping
with our strategy set-out over one year ago, involving the systematic exploration of all projects
from the mapping and surface sampling phase, through to drill target definition, first pass
reconnaissance drilling and follow-up drill programmes." Mr. Salamis added; "Due to the
difficulties encountered during our last attempt to drill Hengxian, relating to access, abandoned
holes and poor drill sample recoveries, we've always maintained that the project was insufficiently tested in the first pass. We look forward to completing the original mission on this
occasion".
On behalf of the board,
Stephen R Dattels George Salamis
Executive Chairman Managing Director
Caledon Resources Plc is a junior precious metals explorer quoted on the Alternative
Investment Market Stock Exchange (AIM: CDN). The company has amassed a portfolio of
four advanced stage gold exploration projects situated in Southern Chinas Golden Triangle
region. All sites are actively being mined by the companys Chinese partners on a small scale,
in geological settings typically associated with disseminated, multi-million ounce ore bodies.
Management believes that the potential for discovery remains high in the immediate vicinity of
the small scale mining, through the application of Western exploration techniques and
philosophies.
For further information, please visit our website at www.caledonresources.com or contact:
Stephen R Dattels
sdattels@caledonresources.com
George Salamis
gsalamis@caledonresources.com
Donal Douglas, Investor Relations
ddouglas@caledonresources.com
Caledon Resources Plc
18 Upper Brook Street. London W1K 7PU England
Telephone +44 (0) 20 7318 5780 Facsimile +44 (0) 20 7318 5781

Nice rise again today....surprises me that the barmy army who stalk me around did not descend onto this thread today (up just over 30.00% in 2 days)...now that is a surprise...not!

Thanks for the information from Watshot last night Goldfinger. I think I can look after myself though thanks anyway.

Chrispine.....large trades were being filled in the background and came through throughout the trading day hence the spread was as big as it can get and the market makers wanted the price to settle at a certain level which would accomodate them....though the percentage rise was about right as well until we get the drilling news.

Dollar's decline helps gold glitter
Jane Padgham, Evening Standard
25 November 2004

EMAND for gold sparkled in the third quarter, despite a spiralling in its price to levels not seen for 16 years.

Figures today from the World Gold Council show that consumer demand for the yellow metal - including jewellery and retail investment - was up 6% in tonnage terms and 17% in dollar terms on a year earlier. However, this was down on the previous quarter, when demand was up by 11% and 25% respectively.

Spot gold rose more than $3 a troy ounce to a 16-year high of $452 this morning. Dealers said the rise was driven by an ailing dollar in conditions made thin and volatile by the US thanksgiving holiday.

Funds have piled into the metal as the dollar has fallen. It also benefited from a wider swoop on commodities. During the third quarter gold averaged $401.30 an ounce against 393.27 in the previous three months. It has since come within a whisker of $450 - its highest since 1988.

James Burton, chief executive of the World Gold Council, said: 'Reports from the main consuming markets indicate that buyers are now not only accustomed to prices in excess of $400 per ounce, but also that they are prepared for possible further price rises.'

http://www.thisismoney.com/20041125/nm85053.html

No problems Sue Helen, I see Dils at his nasty work on the other site.

Any way best to just ignore and wait for these drilling results.

cheers GF.

Thanks for the explanation SH. Chris

Quiet today, waiting for the drilling report. Take a look at KMR (Moma Titanium deal will move to production in 05) and TYM (edge of Kimberlite discovery in Finland) as other mining stocks ready to bounce back.

Bounce back Joe?, dont you mean take off.

cheers GF.

Press mention in yesterday's (Friday's) Independent Newspaper :

Caledon Resources 6.5p (up 0.75p, 13.0 per cent). Traders bet on the group issuing a positive drilling update in the near future.

http://news.independent.co.uk/business/analysis_and_features/story.jsp?story=586875

Another SueHelen disaster ... same followers etc, etc ... dyor

GF , got a problem then come down and discuss at anytime that suits ... lunch on me .... but I'm sure you won't.

Coward.

Dil, you are a real SAD-O. Do yourself a favour: Hang yourself!

Dont presume anything we with me Dil. You keep your nose out of my business (you know what I mean)and I will do likewise. Drinking night was it friday night. Of course Ill have lunch with you but I wont feel coumfourtable sat at your hospital bed side.

GF.

Here it is, just released:-

Caledon Resources PLC
29 November 2004


Press Release

Drill Results - Caledon's Resource's Golden Triangle Projects

Caledon Resources Plc ('Caledon' or the 'Company') is pleased to announce drill
results from three of its projects situated in the 'Golden Triangle' district of
Southern China. The results represent final assays from Gaolong and Badu in
addition to partial assays from the Hengxian project where drilling is still
continuing. These results firmly indicate the presence of large, potentially
bulk minable disseminated gold mineralized systems consistent with the 'Carlin/
Sediment Hosted Disseminated Gold Deposit' model.

Gaolong

Results from a recently completed reverse circulation drill programme at the
Gaolong Project in western Guangxi have been received. The drilling completed
(12 holes, approximately 1200 metres) was spread around an extensive area of
jasperoid alteration surrounding the Gaolong dome complex, and clearly
demonstrates the continuous nature of the disseminated gold mineralisation in
the region.

The Gaolong deposit has many similarities with deposits in the Carlin belt of
Nevada, and is situated some 90 kilometres south of the Jinfeng deposit where
Sino Gold have announced a resource of 3.5 million ounces of gold. Gaolong has
been mined continuously for almost ten years on a small scale and Caledon's
exploration is designed to step out from existing mineralisation and locate
extensions, both along strike and down dip.

The highly encouraging results of this first pass drilling demonstrate that a
focused and sound exploration approach will provide the company with a solid
future in the 'Golden Triangle' region. Caledon has several other targets in the
region that are already subject to joint venture agreements and has strong
exploration knowledge of this important gold province.

To summarize, the drilling successfully intersected large zones of disseminated
low grade mineralisation some as large as 40 metres in width that include more
narrow zones of higher grade mineralisation (up to 5.72 g/t gold over 7 metres).
The following table provides a summary of these results:

Hole Number From To Interval Gold Assay
(m) (m) (m) (g/t)
GLRC003 34 52 18 1.01
Incl 42 48 6 2.23
GLRC005 46 60 14 1.91
Incl 47 50 3 5.72
GLRC006 54 61 7 1.43
GLRC008 68 78 10 0.68
Incl 73 78 5 0.96
GLRC001 16 56 40 1.40
Incl 16 40 24 1.80
112 116 4 1.09
GLRC002 16 44 28 1.03
Incl 16 32 16 1.5



Hengxian

Caledon is pleased to report assay results from two holes of an on-going PQ/HQ
triple tube diamond-drilling programme (+1200 m) at the Hengxian Gold Mine. The
results show the existence of replacement gold mineralisation below a previously
unknown unconformity surface.

Drilling has intersected wide zones of anomalous gold mineralisation hosted in
calcareous sediments.

Results from the first two drill holes completed to date are:

Hole Number From To Interval (m) Gold Grade (g/t)
(m) (m)
HXDDHS 001 36.6 51.0 14.4 1.6
incl 39.0 42.8 3.8 3.36
HXDDHS 002 34.0 50.5 16.5 0.98
incl 37.0 43.8 6.8 1.60

Note: 1.5m core loss in HXDDHS1 from 42.8


A further 8 -10 holes are planned under the existing drill program.

The drilling is being used to crosscheck earlier drilling as well as to identify
favourable stratigraphic controls to the extensive gold mineralisation at
Hengxian. All holes have been drilled at 60 below horizontal. Gold
mineralisation at Hengxian is controlled by the intersection of multiple fault
systems, cutting a sedimentary package that unconformably overlies a
Carboniferous carbonate basement.

Further drilling is required to provide basic sub-surface information to enable
more precise drill targeting away from the main mine workings.

Badu

All assay results have been received from the recently completed Badu RC
drilling. As previously announced, the highest intercept received to date at
Badu assayed 4.2 g/t gold over a width of 13 metres. These results are
consistent with surface sampling conducted in the region, in proximity and at a
distance from known mine workings. Widely spaced reconnaissance drilling to date
has only been conducted within one mineralized corridor at Badu of which there
are several on the project remaining untested.

Hole Number From (m) To (m) Interval (metres) Gold Grade (g/t)
2 52 64 12 0.95
3 20 44 24 2.56
Incl 22 35 13 4.20
5 36 40 4 1.89
6 48 61 13 1.22
8 8 12 4 1.65
15 48 52 4 1.90
16 0 12 12 1.43

Almost all of the remainder of the drill holes intersected zones of highly
anomalous (0.25-0.5g/t Au) gold mineralisation, demonstrating that the Badu gold
system is extensive, with the recent drilling spread over three kilometres.

Under the terms of the joint venture deal signed with the Guangxi Tianlin
Gaolong Gold Mine Ltd Co ('GTGGML'), Caledon has the right to earn an 81% equity
stake in Gaolong and Badu.

George Salamis, Managing Director of Caledon Resources noted; 'By consistently
intercepting ore-grade and sub ore-grade disseminated gold mineralization over
extensive widths, our drilling on the various projects in the Golden Triangle
continues to generate excitement for further discoveries in the region.
Geometrically speaking, the sheer volume of altered gold mineralised rock
intercepted on the various projects, from drill section to drill section,
continues to impress us.'' Mr Salamis added; 'The knowledge that we have gained
from these first-pass reconnaissance drill programmes will allow us to focus on
specific areas of interest in the follow up programmes. Roughly speaking, less
than 10% of the target areas have been explored in these first rounds of
reconnaissance drilling and we look forward to conducting the follow up
exploration work'.

On behalf of the board:

Stephen R Dattels George Salamis
Executive Chairman Managing Director

Good results but the placing has taken the gloss of them.

cheers GF.

Encouraging results. Grades in line with expectations. Would be nice to see some longer intersections. The note refers to widths, while the logs indicate intersections. Bit confusing.

Yes thats what I found confusing and have sent an e-mail to the company to try and get some more detail on this.

cheers GF.

GF.
Since the stated policy is open pit/heap leach targets, of relevance are the depth of oxidation and gold leach characteristics. I guess they are carrying out mineralogical studies as a matter of routine. Premature for column leach work but simple bottle roll tests on representative samples would be informative.
If they get back to you, perhaps you could suggest they post a synosis of any such work, as and when available. This type of feedback keeps the news flowing and keeping shareholders informed is always a good policy.