Post by
Cousin_Gert on Dec 21, 2010 9:59am
Good Antimony drill results.
S1....soon hope to be calling you sb1! ....Although I support your thinking that the VL gold property continues to be the big driver for MOA with its planned 25,000m drill program about to start, I do think you need to understand that Antimony drilling is not like that of Gold. Antimony will be found at Little River, as it is elsewhere, in much narrower sheets. At this point drilling 60m deep holes makes sense. It does not come in grams per ton but in pounds per ton. For example 30% Antimony would return nearly a ton for ever 3 tons of rock. At $12,000/ ton it does not take many tons to add up to big $'s. I like the bit about already having 2 zones and that these are reported to be 21km's apart. To me this shows that the property may be well mineralized throughout. If you check into Beaver Brook that sits just 80km N of Little River, you will see that this is exactly stuff like this that is currently being mined. BB is the only operating Antimony mine in in Canada and the US and is the largest outside of China(somewhere near 5% of world production here). Since 2008 it has been controled by China who has a lock on over 90% of world production. Any new deposits of Antimony will be in high demand and at this point there is no reason not to believe that Little River could develop much further as it is in the right place at the right time with the right stuff...C.Gert
Comment by
Cousin_Gert on Dec 21, 2010 10:05am
Meant to add MOA's news Link...I very good read...
https://www.mountain-lake.org/2010_MOA_news/MOA-NR-122110_LR_Drill-Results.html
C.G.
Comment by
SACKS1 on Dec 21, 2010 10:42am
I understand your point but all I was saying is that little river is still a very early project and the rfeson someone just bought over 100k at market is not lil river but BIG vl I mean 25000m with 2 rigs is a very aggressive program. I expect drill results will be flowing fast.