keep an eye on this one boys and girls.as mentioned before talga peak bordering both MOL and AGO..in past report 5 rock chip samples showing high DSO next door to AGO.could we see a jv with AGO on the way?????????
to many here keep talking MLI,WWI,EKM and the rest.forget them talga peak could be the big surprise and a decent jv with say AGO could send this flying.rev and frost are 100% flying the mpj flag now and have to come up with their own project that will get the 100s of millions of shares they own in mpj moving.
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Talga Peak Project
(“MPJ” owns 80%)
Mining Projects Group Limited (ASX : MPJ) (“MPJ” or “the Company”) over the quarter has continued to assess its options with regards to the Company’s 80% owned Talga Peak Project (Talga Peak), located in the Pilbara, Western Australia.
As previously reported, the Company’s most recent sampling program undertaken in the western portion of the lease identified an iron feature. The iron feature is associated with the South Muccan Shear Zone, a major regional structure extending east – west, from Atlas Iron’s ground on the eastern boundary, through the project area, extending to Moly Mines Limited’s Spinifex Ridge project in the west. A small single traverse was completed at the feature where several samples reported high levels of iron indicating the potential for Direct Shipment Ore (DSO) to be discovered.
Surface enrichment may be a factor with rock chip sampling of this nature. Further ground inspections will be required to delineate the extent of iron enrichment of this and other iron features associated with this shear zone in the western portion of the project area, prior to drill testing. Until now, this major regional structure which has 12km of strike has received very limited exploration. The Company is currently in discussions with a number of parties that have expressed interest in assessing the iron ore potential of the Talga Peak lease.
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