MGK 0.00% 0.8¢ mil resources limited

gold mineralisation confirmed 20mtrs @ 7.2gt

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    ....Morning guys....This is brilliant and we are due out some more results this month, all in all one of the best PNG and PNG Islands explorer on the ASX with planty of cash over 5.2 million and a 11 million market cap......

    ....Gold mineralisation confirmed at Golden Peak ? 20m @ 7.2 g/t Au in trench samples....
    .... Discussions commenced with a number of major mining houses to jointly explore one or more of our PNG Gold/Copper projects....

    New Britain
    ? EL 1640 and 1642, 100% MIL
    ? Copper-molybdenum-gold systems
    ? ELA?s located close to :
    ? Barrick / Coppermoly $20M JV area
    ? Ok Tedi / Frontier?s $36 million JV areas
    ? Esso Minerals (1982-3) & CRA (1985) identified high grade gold:
    ? Dagi South (18.4g/t Au)
    ? Ania South (10.7g/t Au)
    ? Gasmata (10.8g/t Au)
    ? Yonathan River (50.1g/t Au)
    RB
 
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