"The latest set of results may be indicative of a much larger gold system at depth"
These results are based on 4,845m of RC drilling holes, target is 35,000m by the end of year. Almost every announcement has been positive, confirmation that gold mineralsation vein extends throughout the strike length.
Before this latest drilling campaign of 35,000m RC drilling, I estimated a potential MRE ~ 0.7moz at depth of 200m and 40m width. With these latest campaign of drilling and different methodology of grade estimation (courser grain), I think MRP is aiming for a revised MRE > 1moz around early in the new year.
MRP Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
