M2R 10.0% 0.9¢ miramar resources limited

Ann: Multiple High-Grade Gold Results from Gidji JV, page-3

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    Given that most gold around Kalgoorlie is under 100-120m....this is very positive.
    Shows that there is gold in the area, and the bedrock could hold a very good deposit.

    The EV of $5mln basically gives us a free option on all the potential going forward.....you may as well be paying zero for equity in these tenements.
 
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