What is the potential Resource Target within Morning Star’s tenement holding?
Taken from http://www.msgold.com.au/about-mco/faqs#4
The Company is currently conducting a detailed ongoing study in order to rank its key regional ore bodies (dykes) with the Morning Star mine. This is being supervised by Dr. Peter Jackson and is designed to ultimately determine an overall potential resource endowment in MCO's ~200km2 tenements and to continue developing key resource targets by priority. In July 2008, Morning Star released its maiden JORC Resource of 910,000 Ounces of Gold. This was purely for the Morning Star dyke bulge and was broken down between 2 Million Tonnes underground averaging 11.2g/t (726Kozs) and 2.6MT near surface avg 2.2g/t Au (184Kozs). MCO is confident its Regional Exploration Program adds strong growth potential to its resource ounces. Regional mafic gabbro-dykes, which were in many cases high producers of gold from shallow workings mostly above the water table, are numerous on MCO tenements. Key primary targets include All Nations, Waverly, Rose of Denmark, Hunts, Reliance, Little Comet and Wallaby mines.
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