OTCPK:MEAOD - Post by User
Post by
herbaciouson Sep 02, 2011 8:15am
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Post# 19005893
MORE ABOUT MTO
MORE ABOUT MTOBACHELOR LAKE MOST IMPORTANT POINTS
After the 2005 drill program the ore body was estimated to be 200,000 ounces plus! PROVEN!
and probable 80,000 plus ounces inferred!
Right now the deposit remains open at depth and laterly
The management and geologists understand the geology and mineralization
more then likely the deposit is 700,000 plus ounces
The currant exploration will aim to upgrade the remaining inferred resource to indicated or measured.
The onsite mill has been FULLY refurbished and management believes that recovery will exceed 93%.
MTO estimates that the mine will produce approx 60,000 ounces of gold per year to start .
they will also be able to increase their feed as required
all permits for commercial production has been issued!
do your own due diligence
herb