MEG megado minerals ltd

Ann: Quarterly Activities Report & Appendix 5B, page-2

  1. 225 Posts.
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    Plenty happening here.

    - Awaiting assay results from 1,207m drill program completed at Babicho where historic trenching revealed 10m @ 3.5g/t Au and 1m @ 35.3g/t Au.
    - Drilling in progress for 3,000m drill program at Chataka with a second drill rig secured. Drill program being conducted at the CT Prospect, 5km along strike of the countries largest producing gold mines Lega Dembi and Sakaro (+3Moz Au).
    - Drilling continuing at Chataka in Q2 2021 at the CT Prospect and then at the GT Prospect where historic trenching revealed 25m @ 2.57g/t Au.
    - First trench completed at Dragon Prospect for 220m with visible gold intercepted. This is the first trench as part of larger 9 trench program planned over 1km strike for 2,400m of trenching at the Dragon Prospect.
    - First pass rock chip sampling and trenching completed at Elle Target.

    Healthy cash burn and current cash on hand of $3.9m.

    Looks cheap and tenements look promising for continued frequent news flow.

    GLTAH
    Last edited by goldfinger$$: 27/04/21
 
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