MultiMetaVerse Holdings Limited V.MMV

Another Recap

[MineralMt1Gold]

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Cerebus1101 (5)

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July 07, 2020 - 08:26 AM

175 Reads

Post# 31232597

Drilling results to date

Although not stellar needs to be put in perspective - per MMV website

Homestake / Standby Comparison

• Standby Phase 1 drilling: Gold increases down plunge from:
  • 2.0 g/t Au over 3.2m in ST18-001, to
  • 1.1 g/t Au over 6.4m in ST18-002, to
  • 2.8 g/t Au over 6.1m in ST18-003,
    and down-dip to
  • 2.12 g/t Au over 20m
    (including 4.39 g/t Au over 2.5m and 5.24 g/t Au over 1.5m) in ST18-006.
• By comparison, within the surface expression of Homestake 9 Ledge upper tail, rock samples assay only 0.10 g/t Au to 1 g/t Au, with one higher-grade sample assaying 4.5 g/t Au.
• However, alteration characterized by quartz veins with well-developed hydrothermal chlorite selvages and minor sulfides, is locally well developed in the upper tail.
• Consistent ore grade mineralization (~8 g/t Au over 5-10m widths) in 9 Ledge does not begin until 1200m down plunge (800m vertical depth), and the highest Au grades and widths in the 9 Ledge Centroid do not occur until 2000m down plunge (1000m vertical depth).

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MMV 2019 ST19-11 multi-core hole intersected multiple intervals of extensive hydrothermally altered iron formation with every interval carrying gold mineralization. This intersected a 6.09-metre interval of up to 80% arsenopyrite mineralization with quartz between 373.80 -379.89 metres grading 1.81 grams per tonne Au, including between 373.80 -374.40 metres grading 7.59 grams per tonne Au and between 378.64 -379.89 metres grading 4.21 grams per tonne Au.

MineralMt1Gold (38)

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September 22, 2020 - 07:05 PM

208 Reads

Post# 31601503

Back When It Was A Quarter

The head of this show is Nelson Baker. He has drilled, discovered and sold a gold property before. It was called Rainy River. He and his team have spent years putting together parcels of land at Mineral Mt. using the same savvy he used to profit on Rainy River. He and his family and friends own a large chunk of Mineral Mt.. Their goal is to find a gold deposit and sell it to a major player that will develop it.

 

During Phase 1 drilling the company promoted the MMV Story and the stock price ran up. They should have prepared folks that at the shallow depth that Phase 1 was drilling little gold was found at Homestake at those depths. The drill results there were awesome on Phase 1, but that is only with reference to what Homestake found at those depths. It was over promoted without and clear explanation of what should be found. If a person got in at the top of that they must be frustrated to say the least.

 

All that to say Nelson Baker is an honorable man. He has done this before with Rainy River and I'm sure he's correcting any mistakes he may have made in that process years ago. I have confidence he's doing the right thing by the share holders. It looks like the frustrating wait is very close to the end. The silence will be broken and the announcement may be monumental for all of us.