Market cap. of $88m (95.5m shares * 93c). Carrick currently has a JORC resource of 25.7 Mt @ 2.44 g/t (2.01 MOz Au). At the Lindsay's/Parrot Feathers project in WA, about 40km from Kalgoorlie. Drilling with 2 RC and one DD rig from Jan 07. Drill hit at Lindsay's (outside current resource) 8m @ 29.6 g/t Au from 136m, 4m @ 50.2 g/t Au. A new resource estimate planned for end Feb 07. Planning a feasibilty study by end of Q2 07. CRK purchased a granted Mining Lease in the area in July 06 as a place to site a mill. This should speed up the process of going from explorer to producer.
I maintain an excel list of about 40 gold explorers and rate them in terms of market cap/oz of gold in the ground. CRK is the second cheapest at the moment. There appears to be considerable upside in terms of resources too and they are doing the drilling to prove this.
Other prospects (within 40km of Lindsays):
Richfield- Rock chip samples up to 138 g/t Au. Most are 2-20g/t. Drilling planned Jan 07. An old mine here produced 7800 Oz at 16.5g/t Au.