Ann: AGM Address and Presentation, page-53

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bloomingruby

4,289 Posts.

30/11/16

20:44

Post #: 21009407
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Originally posted by Kranky ↑

Yeah BR - same here - I love sparring with the Ol' Ker so next time peeps let the mods be and let us have a few rounds with this self professed mining expert - by the way, how is Mr Market going Benny Boy???

Anyway, referring to Page 11 of the presso, you will see some detail in relation to the Stacpoole reef. The blue line is the adit entry that the old timers used to gain access - it basically goes straight into the mountain side and is about 240m in length. This Stacpoole reef is an extension of what the old timers mined and from the diagram is approximately another 200-250m in length.

Towards the end of the current adit (as you can see in the diagram) lies the start of Stackpoole about 20 m below. The boys believe this prospect seems to have similarities to Whitelaws which has been mined at 100,000 oz at between 22-67 gT.

Some drilling will be required to spec up Stacpoole which as I understand it can be done by fanning out from a central point in the current adit. It seems then that Stacpoole could be an early target for mining. One advantage is that they can use the current adit and it seems minimal mining to get to the reef and that it is predominantly horizontal. This means that with most of the milling infrastructure in place and a 240 m adit already mined...it is possible that MNM could start producing gold ingots without having to throw a huge amount of money at it.

Let's hope this is this case....first gold pour in Jun/Jul 17 would be very welcome boys.

Cheers The K

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Cheers Kranky, good to hear you're upbeat. I hope the new team can bring results and maintain a low cash burn rate until upside proven.
I'd love to see where the old guard burnt the millions raised over past years. Would be eyebrow raising no doubt.
As for the Ker..... toooo funny

MNM Price at posting: 0.9¢ Sentiment: None Disclosure: Not Held
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Ann: AGM Address and Presentation, page-53

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