No only what ghas been reported, have you heard anything?
MCO Potential
"The Company believes the Exploration Potential on its current Mining and Exploration Licences is at least 4-5 million ounces of Gold in the next 5 years.
Between 1995 and 1998 the Company conducted an extensive program of Drilling and Trenching at the Morning Star Hill site directly above the Morning Star mine and following this program, stated a Resource Potential for the Morning Star Mine from surface down to Level 8. This resource statement is not stated under the current JORC 2004 guidelines but further modeling and exploration is being undertaken to validate the findings."
Resource
The catastrophic "Black Friday" Bush Fires of January 1939 wiped out the whole town of Woods Point and the entire above ground infrastructure at the Morning Star mine. The resultant lack of infrastructure, coupled with the outbreak of World War II which took away many miners, caused WMC to cease mining at the Levels 7 to 9 underground and instead re-commence exploration activity, sinking the shaft as fast & deep as possible looking for the most accessible quartz reefs with a skeleton team. Between Levels 16-19 underground, WMC found and mined the famous 'Achilles' Reef & Exeter Stope, which was one of the richest single reefs ever mined in Australia yielding over 250,000 ounces of gold. Achilles was also notable from a Grade Factoring perspective as drill assays averaged around 2g/t, whilst production topped 27g/t Gold!
"WMC continued operating the Morning Star mine between Levels 19 & 23 - with small forays only above the Level 16 - until late 1959, when low Gold prices (fixed at USD35oz), the high cost of electricity (as Woods Point was not yet on the Victorian state grid) & their hunger for W.A. nickel led them to close all gold mining operations in the Eastern states. Consequently, the Morning Star mine was shutdown & never mined between Levels 9 & 15 underground leaving what we believe is a huge 'gap' zone of potentially rich dyke. Our exploration resource target for this 'Gap Zone' is between 1.5Milion- 2 Milion ounces. This target is assumed looking at the tonnage of dyke, the number of repetitive quartz reefs known to exist and the historical returns of gold ounces per vertical metre within the mine, which is 2000-5000 ounces per metre."
http://www.msgold.com.au/gold-assets/the-gap-zone/resource
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Last
1.3¢ |
Change
-0.001(7.14%) |
Mkt cap ! $7.820M |
Open | High | Low | Value | Volume |
1.5¢ | 1.5¢ | 1.3¢ | $5.989K | 411.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 130519 | 1.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.4¢ | 10672 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 130519 | 0.013 |
2 | 383400 | 0.012 |
2 | 241438 | 0.011 |
3 | 611105 | 0.010 |
4 | 860910 | 0.009 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 10672 | 1 |
0.015 | 36691 | 1 |
0.016 | 543409 | 1 |
0.017 | 10000 | 1 |
0.019 | 157947 | 1 |
Last trade - 10.09am 14/07/2025 (20 minute delay) ? |
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VIRIDIS MINING AND MINERALS LIMITED
Rafael Moreno, CEO
Rafael Moreno
CEO
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