OTCPK:MEAOD - Post by User
Post by
u2bobon May 03, 2016 12:27pm
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Post# 24837220
Barry ... Two Biggest Changes...
Barry ... Two Biggest Changes...The price of gold: $1,631.49 +12.02 Canadian dollars...
New Interpretation :...(Cherry Pick) williness to mine the higer grade open pit ore ... very profitable for shareholders ! MTO.V geologists are working under an updated interpretation of the orientation of the high-grade shoots at the Barry Mine. The old interpretation had two shoots dipping down, they are now viewed as three stacked shoots more horizontal than they are vertical. The old off-orientation interpretation resulted in the mixing of high-grade with low grade, lowering the high-grade and smearing the gold into lower grade, resulting in a lower average grade when estimating and block modeling. Now the geologists are collecting and affirming data under the new model that constrains the envelopes which contain the high-grade, Mining MarketWatch Journal believes this has the potential* to yield in excess of 1 million ounces and better grades than the current near-800K oz resource (in all categories).