More importantly, the Columboola JV has identified an open cut resource in the north east corner. According to the quarterly activities report more drilling to determine the extent of the resource. Has anyone noticed the shallow depths of the resource (most of it looks like 60 metres below surface and in one drill hole the roof is at 27 metres.
This is very interesting. I am surprised that a separate announcement was never released instead the company opted to mention it in the activities report.
I would have thought an open cut find was significant news given MTE are all about underground.
MTE Price at posting:
21.0¢ Sentiment: None Disclosure: Not Held
