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Northstar Signs MOU to Mine High Grade Zone 2 at Cam Copper Mine (click to learn more)
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Mega Precious Metals Inc MPRXF

Metals & Mining Industrial Metals & Minerals


GREY:MPRXF - Post by User

Mega Precious Metals Inc > Great Post Cur
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Comment by hrattleon Dec 15, 2012 9:10am
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Post# 20734955

RE: RE: RE: RE: RE: RE: RE: RE: RE: Great Post Cur

RE: RE: RE: RE: RE: RE: RE: RE: RE: Great Post Cur

The objective depth was 3000 metres .

No it wasn't - 3km was the MAXIMUM depth the drill rigg would allow. The objective depth was 2500m - the zone expected between 1500m-2500m. 

... get a suitable j/v arrangement now with GC as to exploration financing and eventual sale to them .

Pie in the sky. Until and unless some gold is found GC wouldn't be interested. They are mining and expanding into KNOWN high grade gold zones without looking at failed holes. In any case MGP needs to find out what they have so they can sell it at the right price - what would you pay for three failed drill holes?

 

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Dealroom for high-potential pre-IPO opportunities
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