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19:46
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Originally posted by aurifice
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At the risk of being moderated yet again (probably at Vertigo's instigation) I must emphasise that MCO is not a walk up start. The aforementioned armchair miner has absolutely no comprehension of the Morning Star, Rose of Denmark et al geology and associated gold endowment. Gold Mines of Australia (Western Mining Corporation) were at the fore front world wide from a narrow vein mining and exploration perspective and they exhausted all avenues in terms of finding further economic ore zones before they reluctantly shut down in the mid sixties. You can argue endlessly about the change in gold prices, wages etc since those days but the facts are that, whilst there might be the odd high grade shoot here and there, there are no sustainable ore bodies above the 10 level. The "gap zone" below the 10 level has been quite extensively drill tested without any significant results.
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I expect Mantle to release what they have been working on in the new year, in terms of identifying potential economic zones including over 1000 previously unreleased samples.
