OTCPK:MEAOD - Post by User
Post by
mstettleron Dec 06, 2016 10:11am
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Post# 25559380
Osisko has been there, done that.
Osisko has been there, done that.Barry originally drilled in 1962-65.
Pages 27-36.
https://www.metanor.ca/wp-content/uploads/2016/03/resources_update_MTO_05Aout2016Final.pdf
6.2.9 Work done by Osisko option during 2004-2005
A total of 61 drillholes, for 2,580 meters, were drilled mainly on the Barry I Main Zone Area by Osisko Resources Inc. during the June 2004 and February 2005 periods. A partial survey of the drillhole collars was carried out during this period. Only the computerized version of the drill logs was available for this study. One database including all the computerized data on the Barry property was prepared and kept up to date. No other document prepared by Osisko was given to Murgor.
The staff of Osisko described a new interpretation of the mineralized deposit according to the information retrieved from the new drillholes. Following their study of the gold potential for that deposit, they released their option to concentrate their efforts on another deposit of larger tonnage. The size of the Barry deposit does not fulfill their requirement for a large deposit to exploit.
Any guesses what the deposit of larger tonnage was? These guys do not screw around.
Years and millions of dollars spent on drilling other properies (windfall lake and horne-noranda) is what they intend to do. MTO is going to have to prove up barry without osisko.