GREY:MHGPF - Post by User
Post by
comfyfluffy2on Nov 01, 2011 5:01pm
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Post# 19199744
1.4 mil and counting...
1.4 mil and counting...Mahdia Gold is excited by the fact that historical data suggests that Omai still contains significant gold deposits. In 2006-2007, after the 3.7 million ounces of gold was produced, the previous owners drilled the floor of only the Fennell pit with a total of 46 diamond drill holes (27,359 metres) up to a maximum length of 967 m which were used to outline a resource of 17.5 million tonnes at 2.51 grams per tonne for an additional deposit of 1.4 million ounces of gold available for Mahdia Gold to develop from beneath that one pit alone. Additionally, other work was done that consisted of SG measurements, and significant geotechnical work. Iamgold had also created a 3-D Gemcom model of the Sill, Fennell Stock and mineralized zones, and used it to calculate the resource.
They're a day late so far on the NI 43-101, but it should be well worth it...
Anyone think they'll hold off the resource estimate until the TSX posting? Or will the estimate force the posting?