OTCPK:MEAOD - Post by User
Post by
u2bobon Apr 20, 2016 10:30am
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Post# 24788372
Drilling...
Drilling......3800 meters only 56,000 more too go !
Barry vs Moroy...
First off lets talk cash and that's what we need ...Hewfran will be the ATM for MTO going forward !
Moroy - has potential to be another cash cow ... even with SSL stream ...
We know from our shallow drill results alone that there was 20,000 ounces ...that in itself is half a years production at the mill !
( WITH MORE SHALLOW OUNCES TO BE FOUND )
60,000 meters is progressing. A first drill is focusing on the zones near surface, from 0 to 150 m deep, at a drill spacing of 25 m between each hole so mineral resources may be defined at the end of the campaign. A second drill rig will target the same structure at depths ranging between 150 and 300 m and a third drill rig, expected to begin in May, will aim to define the lateral extensions to the east and to the west.
Barry - is drilling now and pulling cores as we speak ...shallow drill holes and many of them ...we could have some nice surprises coming up...
One never knows how long that drill may stay on site depending on samples...
remember we will now be doing some cherry picking of grades of ore...one nice thing about open pit is you can pick and chose what is profitable..
and unlike the past we are not paying to get Bachelor up and running...and only a 2% NSR !
1600 Canadian should be very profitable...and cost will be a lot less than the past ... from trucking ... to the recovery process of ore 80 % too 97 % gold recovery will be a lot better...I would think by May long weekend we shall know the MTO story for Barry !!!
Keep the drills turning...
Bob