Post by
mattbigham on Apr 18, 2024 6:00am
That was an informative interview
MMG also just put up a new presentation on site.
The retail flippers didn't see a high grade headline to excite them and sold off their shares.
Scott explains the drill results and outlines the high-grade zone they believe they have found at Allard.
Newmont meeting with MMG in Durango,Colorado (NEM Head office) these last few days to discuss the results
-several holes over 500m with significant high-grade values
-really big system with high confidence
-significant deposit
-new resource expected with gold/PGM's
-three of these four DH's are in the top ten holes in the entire US
-significant widths .75-1% CuEq
-district scale opportunity
-36 additional targets,many porphyry centers with high -grade across the project
Hole 23-06 mineralisation correlates with the end of DH 22-04-both DH's ended with mechanical difficulties in mineralization
500m below 22-04 -large,significant zone of higher grade
Adds high grade to broad,valuable significant widths of lower grades
We see an alteration footprint of 10 square kms while we have only focused on 1.5 kms X 1.5 kms
Opportunity for new discoveries is really significant
13:30 talks Formo @ Keno Hill
Going to further drill it at depth
Grow it very quickly
Drilled 250m from surface at Formo
HL drilling below 800m at Bermingham
"Formo could be another Bermingham with the appropriate amount of drilling."