MEG 25.0% 1.0¢ megado minerals ltd

This is a very interesting start for the Babicho project and the...

  1. 764 Posts.
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    This is a very interesting start for the Babicho project and the fact they have hit mineralisation in their first go is pretty amazing considering there really has been no real previous drilling

    11m @ 0.81g/t Au (inc. 4.1m @ 1.97g/t Au) from BBDD001(from 98m), underneath Megado trench BBTR001 that ran 11.1m @ 3.21g/t Au

    Let's swiss cheese drill Babicho

    I look forward to reading the drilling results at Chakata over the coming weeks where the Company seems even more excited considering they have sourced a second drill over there.

    ~$10m market cap
    ~$4m cash
    share price less than IPO
    excellent- incountry management team who have found it before

    and now they have found mineralisation on their FIRST attempt at drilling

    That's success in my opinion

 
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