Drilling area key for MAT's successWhen you look at MAT, the stock has MANY good perks like working with goldcorp, drilling in timmins, O/S isnt too bad,level 2 is buy side heavy. But the key, and most essential part of this play is its drilling in a historical area of TImmins where Au grades were anywhere from 5-60g/t of Au. Now the current drill is 5-7000 meters, so you can imagine that with some nice 50-100m intercepts of 5g/t of Au, we got a nice jump ahead of us. This is from that last news that came out:
The drill program of 5,000 to 7,500 metres of NQ drilling will target areas in the Mill Creek/Colbert zone where historic values were encountered (please see Matamec press release in Stockwatch dated Jan. 7, 2008), but where large gaps remain unexplored above the 300-metre elevation. It will also test for deep mineralization from 300 metres to 650 metres below surface.
Overall, a very good buy.