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6.1¢ macphersons resources limited

Ann: Boorara Drill Results 158 metres at 1.6 g/t Gold, page-7

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01/03/17

12:27

Post #: 23006906
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Originally posted by Voytek ↑

I personally can not see much wrong with 158 M x 1.6 g/t while average producing mines have these days gold grades around 1g/t:
http://www.kereport.com/2012/10/05/average-grade-producing-gold-mines/
and importantly the deposit is still open at depth and potentially "growing" with next drills:
Managing Director Jeff Williams today commented: “The latest drill results have extended mineralisation to a depth of 185m that is still open at depth and a potential strike length of 500m from the north end of the Boorara trial pit to the most southern gold intersection in BORC171."

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Yoytek,

"......while average producing mines have these days gold grades around 1g/t:"

Can you name a profitable one that has under 500,000 oz Au?

I can't think of any!

MRP may end up with better grades, however that's a bit of infill drilling away at the moment.

MI

MRP Price at posting: 24.0¢ Sentiment: None Disclosure: Not Held
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