GREY:MPRXF - Post by User
Post by
hockeyguy123on May 22, 2014 2:59pm
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Post# 22588822
Dundee Securities comments on Mega Precious Metals Inc.
Dundee Securities comments on Mega Precious Metals Inc.According to Dundee Securities:
https://app.box.com/s/9mvbwup7f2bxz1b9fpd3
Mega Precious Metals Intersects 61M of 3.44 g/t Gold Including 6.64 g/t Gold Over 30M, Expands High Grade Continuity Near Surface at Monument Bay
Event: Drill Results from Mega Precious’ Monument Bay – MGP-T, Not Rated
Impact: Positive
Following our positive field review of Monument Bay, we note that the latest encouraging drill results validate the exploration model. With the Quartz Feldpar Porphyry (QFP) easily recognized as a favorable host to gold and tungsten mineralization, targeting and improving the drilling odds becomes easier.
With a strike length of over 8km and true width of 30m plus (the QFP plus adjacent shear zones a generally greater than 50m true width) we believe Monument Bay is a viable open pit situation with a great starter pit hosting 667k oz Au grading 2.7 g/t Au.
Stay posted as this story builds and comparisons to the celebrated Hollinger deposit in Timmins become more relevant.