The Company’s belief that medium to long-term growth will be delivered via genuine discovery has resulted in the current $8 million gold deposit sale at Mt Jewell Gold Project and the advanced exploration programs and results at Gindalbie Gold Project (previously part of Mt Jewell) and the Juglah Dome Gold Project. The Company is committed and well funded to rapidly advance its gold exploration strategy and has accelerate detailed exploration at Gindalbie and Juglah Dome Gold Projects.
The Company believes that its decision to explore for a range of commodities is proving worthwhile with good results generated at several of its new prospects. These have gold, manganese, copper-lead-zinc and nickel sulphides as the targeted commodity.
The process that Pioneer uses encompasses updating historical data with new geochemistry, remapping areas of significance while bearing in mind the most up-to-date ore genesis models, looking for signs of surface outcrops and applying geophysical techniques to produce a composite picture of the prospect.
Pioneer has also benefitted from information provided by local Kalgoorlie prospectors for the rising 100% held Juglah Dome Gold Project. Starting with conventional geochemistry anomalies prospectors have gone on to find 12 locations that have yielded gold nuggets over a strike length of 8 km. By combining the conventional geochemistry results with a structural geology analysis and nugget locations, the Company has generated a number of priority targets and drilling will begin before the end of 2011.
Please feel free to contact me to discuss any aspects of the report or our business.
David Crook
Managing Director