Again, from the ann, they think the best way to find out if the ore is viable is to go trial mining.
They are now drilling in an area closer to the adit entrance. Could be a different story with the drill bit this time around. I think they are going to trial mine it anyway no matter the drill results. Management seem to be of the view that identifying the gold bearing ore in drill cores speaks louder than the grams per tonne.
They have a very good geological model of the mine with a fine honed awareness of where the best gold bearing ore would be found. And they appear to have found that very close to the adit entrance/surface. If they can achieve profitable mining from Stacpoole which sets up the company for extending mining of the lower reefs and other mines such as Rose of Denmark it will have been a masterstroke.
GLTA.
MNM Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held