RE:Better get in line fastsame is true for mfm.v which has not moved yet this year:
https://web.tmxmoney.com/article.php?newsid=6720054436639969&qm_symbol=MFM
One of our more interesting projects is an epithermal heap leachable gold-silver deposit within the San Roque claim block (See Figure 2). This project, called Z-34, has been explored by 16 drill holes. The drill holes test two sub-parallel zones of mineralization about 150 meters apart. The last hole drilled in the program intercepted from 0 to 35 meters, 35 meters grading 2.27g/t gold and 42g/t silver followed by a further 38 meters, from 155 to 193 meters, grading 1.12 g/t gold and 28.5 g/t silver.
Z-34 mineralization is open-ended along strike and down dip. Mineralization is thoroughly oxidized from surface to a vertical depth of about 35 meters. A bottle roll cyanide test of oxidized material shows gold recoveries in excess of 90%.
This project can be quickly tested with a minimum of say 30 or 40 short drill holes and more comprehensive metallurgical testing. Comparisons of this project with similar projects in Santa Cruz Province suggest that the Capex of this project would be less than US$18 million with a very quick payback.
The Company is cautiously optimistic that we will find a partner to develop the bulk tonnage target at San Roque where an Induced Polarization (IP) geophysical study shows a very large, strong IP anomaly extending more than 900 meters along strike and is close to surface (See Figure 3).