Some big names on the share registry and the past grades and results from ASX: GHM interesting.
Midas Managing Director Mark Calderwood commented:
“Several of the Newington gold targets are quite well advanced, representing excellent gold drill targets. Previous drilling in some areas returned strong gold grades whilst other areas remain entirely untested by drilling.
The Company has lodged new Program of Work applications. The Newington Project is well located at the northern end of the Southern Cross greenstone belt, where recent success by Golden Horse Minerals (ASX: GHM) at the Hopes Hill prospect5 demonstrates how under-explored the belt is.
“Mining at Newington target Newfield between 2001 and 2005 resulted in recovery of 33,232t of ore at a recovered grade of 22.7g/t gold for 24,234 ounces of gold. This was significantly greater volume and contained gold than expected from drilling and the pre-mining geological resource estimate.2,6
“At Challa we are gaining a stronger understanding of the various prospects for exploration. We will continue to work up drill targets, particularly on the 3.5km Killarney gold prospect, which surrounds the high-grade gold occurrence of the same name being explored by Duketon Mining (ASX: DKM) on a 0.5km2 excised ML.
We have completed a widespread sampling program and results from that work will determine where best to focus our efforts at Challa”
DYODD
MM1 Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)