RE: BLR undervalued.......3 times?Booth 327 at the conference in Toronto this weekend.
BLR/TME/BMK JV Press Release
https://www.balticresources.ca/PressReleases/MacDonald%20Mines%20and%20JV%20Partners%20Acquire%20Land%20Postitions%20With%20Similar%20Geology%20to%20the%20Spectacular%20Noront%20Nickel-Copper%20Discovery%20on%20Northern%20Ontario.pdf
Phosphate Preseentationhttps://www.balticresources.ca/Presentations/MartisonPhosphatePresentation.pdf
Projects
Martison Lake Project
The company owns a 50% joint venture interest in a world-class phosphate deposit with a resource estimate of 113 million tonnes averaging 21% P2O5 — high-grade ore by industry standards. For 2006, the Company plans to conduct a pre-feasibility study to update the capital and operating costs, the desired product mix and operating rate of both the mine site and phosphoric acid plant. The phosphate resources will also be brought up to National Instrument 43-101 standards. Pending the results of the pre-feasibility, a bankable feasibility will be undertaken in 2007.
Coral Rapids Project
Diamonds, Uranium, VMS Base Metals and High-Calcium Limestone Potential. A recent ultra high-resolution airborne magnetic and electromagnetic survey carried over Baltic's Coral Rapids Property has identified a minimum of thirty anomalous magnetic responses having high potential of representing kimberlitic intrusions. Of these thirty, fifteen high priority targets have been drilled of which nine intersected kimberlitic intrusions.
Hawkins Gold Project
Host to the historic Shenango Gold Mine and a known low-grade gold horizon with values of 1 to 4 grams per ton of gold over 4 to 30 meter widths along a minimum strike distance of 3 to 4 kilometers. This was proved up by Falconbridge Exploration Ltd. in the mid-1980's by means of an extensive shallow drilling program. No subsequent drilling was carried out to evaluate these felsic volcaniclastic units at depth or to the west. Our exploration program is aimed at extending the auriferous horizon west ward and sampling it to determine grade. The Companies goal is establish a large tonnage deposit accessible to open pit mining.
From The BMK Press Release Oct 11/2007
https://www.macdonaldmines.com/PressReleases/Oct11,2007.htm
BALTIC/MACDONALD/TEMEX 50/25/25 JOINT VENTURE LAND ACQUISITION
In a 50-25-25 joint venture with Baltic Resources Inc. (50%) and Temex Resources Corp. (25%), MacDonald (25%) has acquired 3 separate parcels of land totaling 50 claim blocks which represents approximately 12,500 hectares.
This brings MacDonald Mines total land position in the James Bay Region to about 62,150 hectares, which is either owned 100% by MacDonald or owned in conjunction with JV partners. All property additions were staked to reflect optimum geological settings for potential nickel/copper deposits and include property which is contiguous to the recent Noront Double Eagle spectacular nickel/copper discovery. (see Noront press release dated September 27, 2007).
This land acquisition strategy positions MacDonald with further nickel-sulphide-potential properties, new skilled experienced business partners and strategic risk spreading for this important mining region of Ontario.
PREVIOUS MACDONALD EXPLORATION RESULTS INCLUDING INTERSECTION OF NICKEL MINERALIZATION
Nickel sulphide discoveries on the McNugget Property (see press release of June 14, 2007 in which Hole MN-07-39 intersected 4.5m grading 0.36%Ni and a further 22.5meters down the hole an intersection of 27.0 meters averaging 0.26%Ni.).
VMS Discoveries (see press release of Jan. 24, 2005, Hole MN-4 intersected 6.7m averaging 1.55% Zn, press release of June 7, 2006 in which it was announced that Hole MN06-18 intersected 6.49m averaging 0.64%Cu and 2.92%Zn and press release of June 14, 2007 where intersections of up to 0.57% Cu and 7.94% Zn were intersected over 1.5m in Hole MN07-28).
JMHO TIA